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News about Mortgages:
Fayette bank robbed - The CitizenThis photo shows multiple images of a man that robbed the Bank of Georgia at 2008 Ga. Highway 54 just outside of Peachtree City this afternoon. A local branch of the Bank of Georgia was robbed around 3:15 p.m. today, deputies said. The incident ...
People on the Move - Atlanta Business Chronicle• Randall-Paulson Architects named Shawn Sheehan project coordinator and Brian Petelle as designer. • Silverman CPM added Sandy Boyce as director of administration and finance. Marti Watts was named senior project manager. • HOK added Akiko ...
Bill Clinton tells Somerset: Small towns keeping Hillary in race - Tribune-DemocratSOMERSET — It may not have been a direct counterattack, but the message was unmistakably clear. Seizing upon comments by Democratic presidential candidate Barack Obama that rural Pennsylvania towns cling to religion and guns out of economic ...

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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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