Benson Mortgage Rates and Information Online from competing Lenders

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Financial News
Pimco Sees Pound Bottom as BOE Cuts Rate to 1951 Low (Update1) - Bloomberg
Dec. 5 (Bloomberg) -- The Bank of England’s third interest- rate cut since the start of October is raising speculation that the pound’s 26 percent slide may be coming to an end. Pacific Investment Management Co., which said as recently as ...

Savings on typical house? Two bucks - Omaha World-Herald
Most homeowners in Douglas and Sarpy Counties are getting a property tax cut. That's welcome news in these tough economic times, but few taxpayers will see much of a windfall. When the new tax bills go out in the first two weeks of December, the ...

Bagging the bucks - Minneapolis Star Tribune
In an economy gone deep to the south, the collapse and subsequent bankruptcy filing of Petters Group Worldwide has been a financial godsend to the Minneapolis law firm Lindquist & Vennum. Like other law firms facing fewer billable hours from clients ...

Black Friday shoppers spend -- with caution - Los Angeles Times
Consumers carted out flat-screen TVs, loaded up on the latest Elmo toys and raced to grab designer shoes Friday as retailers across the country anxiously held their breath. It was the traditional start of the holiday shopping season, complete with ...

Huntsman: Federal money may be headed to Utah - ksl.com
I would wager that Obama's spending will have beaten Bush by the middle of his term. And I am not saying that because it's Obama or because he is democrat. I only say that because with the rate of inflation going into double digits by the end of the ...

From the police report... - Spokane Spokesman-Review
State Rep. Geoff Simpson, D-Covington, was arrested Sunday afternon on charges of fourth degree assault and interfering with reporting of domestic violence. He says -- see below -- that the charges are baseless and that he'll be exonerated. In ...

Glass artist thrives on country living and recycling - Dallas Morning News
BENBROOK – The decision to live in a metal outbuilding does not come lightly. First, it is necessary to want to live in the country, so much so that alternative housing (there's an understatement) seems OK. It helps to need a lot of space to create ...

The Mortgage Crisis - San Francisco Gate
Killinger met with Chronicle reporters and editors at a time when turmoil from the subprime market meltdown was beginning to spread to other parts of the financial and housing markets. Washington Mutual is a major originator of residential mortgages ...

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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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