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News about Mortgages:
General Growth gets loan extension - Charlotte Business JournalGeneral Growth Properties Inc. , owner of Carolina Place mall in Pineville, has received a two-week extension on $900 million in mortgage loans that came due on Friday. The company says it is seeking a longer-term extension. In mid November, General ...
History says La. insulated from ills - Alexandria Daily Town TalkThe real estate market is a buyer's market for the first time in six years, helping to keep agents in Central Louisiana busy during otherwise slow economic times. Rod Noles, president of Noles-Frye Reality in Alexandria, said the numbers for the past ...
Mobile home firm awaits Virginia tunnel relief - Register-HeraldFor two years now, mobile home sellers John and Karen Bailey have seen transportation costs jump dramatically while Virginia rebuilt tunnels along Interstate 77 and truckers took longer routes to reach the Baileys’ Pineville business. Word has come ...
Military News - Alexandria Daily Town TalkSoldiers talk about National Guard careers -- October 27, 2008 -- MARKSVILLE -- Louisiana Army National Guard soldiers from the 1020th Vertical Engineer Company of the 527th Engineer Battalion in Marksville made an appearance during Career Day at ...
Calendar of Events - Alexandria Daily Town TalkEARLY VOTING: Early voting for the Oct. 4 elections will be held from 8:30 a.m. to 6 p.m. at parish registrars' offices today and Monday through Saturday next week, Sept. 22-27. VOTELESS PEOPLE IS A HOPELESS PEOPLE "POLITICAL FORUM": 6-8 p.m ...
Union working to provide basic needs: Carpenter - Charlotte Business JournalJim Carpenter, president of the Union County Chamber of Commerce , says a lot of the county’s problems can be categorized under one heading: growth management. Union has been whipsawed in dramatic fashion in recent years. The county’s popularity ...
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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