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News about Mortgages:
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
Brewers announce spring schedule - Milwaukee Journal SentinelDec. 1, 2008 2:06 p.m. | The Brewers announced their spring training schedule today, including two games against the Los Angeles Dodgers in Dodger Stadium after breaking camp in Arizona. The Brewers' first exhibition game will be Wednesday, Feb. 25 ...
Sheriff: Law requires processing foreclosures - Pocono RecordMonroe County Sheriff Todd Martin says his office has no choice but to continue processing the record high number of local home foreclosure notices. "I'd love to see some type of relief," Martin said Tuesday. "None of us want to see people getting ...
New Orleans home-loan program builds slowly - New Orleans Times-PicayuneAfter months of dickering and false starts, the centerpiece in New Orleans' strategy of clustering people in viable neighborhoods is finally off the ground with forgivable loans for first-time homebuyers. A handful of low- to moderate-income families ...
Struggling along - Sun and PressNot in the vault, he tells them. It's in the grand old hotel on Fall Street that reopens next spring. It's in the Downtown Deli, which will serve free Thanksgiving dinners to the hungry. It's in this fellow's home, and that one's. You know them. They ...
Cross Lanes developer creating new housing - Herald-DispatchCROSS LANES, W.Va. (AP) — Despite national news of slow home building starts, a developer in Cross Lanes is expanding, creating a gated community called Twin Lakes Estates just off Goff Mountain Road. “There is a need ... a need for a step-up ...
Cross Lanes getting housing - Journal & Sunday JournalCROSS LANES (AP) - Despite national news of slow home building starts, a developer in Cross Lanes is expanding, creating a gated community called Twin Lakes Estates just off Goff Mountain Road. ''There is a need. ... a need for a step-up into the ...
Where to get help - MLive.comCommunity Access Line of the Lakeshore is available by calling 211. This resource helps connect people to agencies or volunteers who can help with a specific need. CALL also can be reached at 733-1155. Volunteers : Contact Yvonne at 773-3448, ext ...
'Holiday Fest' to light up downtown tomorrow - Louisville Courier-JournalNew Albany will hold its "Holiday Fest" tomorrow from 2 to 7 p.m., with entertainment at several downtown locations. Santa Claus is slated to arrive at 6:30 p.m. to turn on the Christmas lights. There also will be cookies, drinks, pictures with Santa ...
Collier County gets personal with banks to clean up untidy ... - Naples Daily NewsNAPLES — As a record number of foreclosures hits Collier County month after month, the county is quietly making headway on at least one problem: persuading banks to mow the lawns of vacant homes — and even clean the pools. Officials said a code ...
Today's Mortgage Terms starting with L
Lender: The bank, mortgage company or mortgage broker providing the loan.
Loan Application: A statement of personal and financial information needed to apply for a loan.
Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
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