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News about Mortgages:
Local woman home again for the holidays - Mansfield News JournalMANSFIELD -- What Gloria Cyrus and Vicie Cox brought to their families and what they left behind probably wouldn't amount to much on a financial balance sheet. The snug blue house at Walker and North Trimble roads is their legacy, built decades ago ...
Revised flood maps bring data right down to the property lines - State GazetteFind out what the hydrologists believe. A new set of flood-risk hazard maps - complete with property lines - have been posted on the Internet. To find a map of your property, go to www.floodsmart.gov and type your address on the "One Step Flood Risk ...
Habitat marks key milestone - Plainview Daily HeraldIt took 15 years, but Jose and Blanca Romero are homeowners . . . and history makers, too. The Romeros recently had a "mortgage burning" celebration as the first family to build a home in partnership with the Plainview Area Habitat For Humanity. The ...
Kids feeling anxious about the economy - 10 NewsSeffner, Florida-The struggling economy has many families feeling stressed, anxious and tense. How parents deal with the financial challenges may affect their children too. "Arguing about money should not take place in front of the children," says ...
11 TV Hill - Wbaltv.comBALTIMORE -- WBAL-TV 11 continues to strengthen its brand of “Live, Local, Latebreaking” with the award winning news magazine program 11 TV Hill. Every Sunday beginning at 11:30am, 11 TV Hill takes viewers deeper into thought provoking news ...
Early voting breaks record on final day - State GazetteElection officials were busy yesterday as voters took advantage of the last day of early voting. From left seated: Fay Tickle, Sonja McBride and Kenna Lacy assist voters at the Dyer County Election Commission, which saw a record number of early ...
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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