Lexington Mortgage Rates and Information Online from competing Lenders

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Builder Baesler declares bankruptcy - Lexington Herald-Leader
A builder whose unfinished house on Indian Mound Road in Lexington drew complaints last summer from neighbors has declared bankruptcy. Dudley Scott Baesler and his wife, Shelly, filed a Chapter 7 petition recently in U.S. Bankruptcy Court. Baesler is ...

Habitat couple thankful mortgage paid - Lexington Herald-Leader
Ernest and Angela Turner have something many of us would love to have, not just on this day of giving thanks, but any day of the year. No, it's not love of family or joy or peace of mind, although they do have and cherish those things. Charles ...

SNAPSHOT - Financial Crisis - 0445 GMT - Reuters
"We are in the early stages of one of the worst recessions in the post-war period, even factoring in a massive stimulus programme," said Nariman Behravesh, chief economist at IHS Global Insight in Lexington, Massachusetts. "It's clean, it's quick, it ...

Patrick names Ralph Gants for SJC vacancy - WTen.com
BOSTON (AP) - Gov. Deval Patrick has nominated Superior Court Judge Ralph Gants to fill a vacancy on the state's highest court. The 11-year veteran of the Superior Court and former federal prosecutor will replace retiring Supreme Judicial Court ...

House goes up in flames again - Chronicle-Telegram
LORAIN — Somebody probably used gasoline or another accelerant to start a fire Sunday at a home on the city’s east side that initially burned on Friday night, according to Assistant Fire Chief Randy Hupp. The second fire caused $50,000 damage to ...

The recession began a year ago; When will it end? - Omaha World-Herald
Now that top economists officially have declared the U.S. economy in recession, a key question remains: When will it end? In declaring that the economy has been in a downturn since December 2007, the National Bureau of Economic Research confirmed ...

YEAR-OLD RECESSION JUST GETTING WORSE - Akron Beacon Journal
WASHINGTON: The U.S. economy officially sank into a recession last December, which means that the downturn is already longer than the average for all recessions since World War II, according to the committee of economists responsible for dating the ...

Recession is official, and already a year old - Herald Tribune
WASHINGTON - The U.S. economy officially sank into a recession last December, which means that the downturn is already longer than the average for all recessions since World War II, according to the committee of economists responsible for dating the ...

U.S. recession began last December, economists say - International Herald Tribune
WASHINGTON : The U.S. economy officially sank into a recession last December, which means that the downturn is already longer than the average for all recessions since World War II, according to the committee of economists responsible for dating the ...

Economy shrinks at fastest pace in seven years - Washington Post
WASHINGTON (Reuters) - The economy contracted at its fastest pace in seven years in the third quarter as consumer spending plunged to a 28-year low, data showed on Tuesday, raising the specter of a deeper recession. Separate reports showed home ...

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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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