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Classic holiday stories inspire during tough times - The Chronicle HeraldHard times have you down this holiday season? Take a trip to the library for some inspiration from treasured stories of Christmas past. The mortgage meltdown, job squeeze and clash between rich and poor evoke long-popular holiday tales with ghostly ...
Money Smart week attracts 500 participants - Fond du Lac ReporterNearly 500 Fond du Lac County people participated in 50 Money Smart Week financial literacy education sessions held in Fond du Lac County last month. Fond du Lac County was one of 12 Money Smart Week sites in Wisconsin. During the week, community ...
Florida lenders halt new foreclosures for 45 days - Naples Daily NewsTALLAHASSEE — Facing one of the highest foreclosure rates in the country, Gov. Charlie Crist on Monday called on lending institutions to hold off on new foreclosures for at least 45 days. Flanked by representatives from the banking community, Crist ...
First-homebuying fever - Philadelphia Daily NewsWall Street may be reeling. Mortgage lenders may be tightening their belts. But despite these hallmarks of a real-estate lull and economic downturn, one prevailing thought is clear, say the experts: Right now may be one of the best times in modern ...
Horror invades happy home - CNEWSOSHAWA -- The townhouse was supposed to be the start of their dreams -- not the site of their worst nightmare. Rick and Leslie Kelly had moved to the southern Oshawa townhouse along Glen St. this year, figuring that buying was better than paying ...
Sub for Santa - Daily HeraldJennifer* and Tom's three children know that Mom and Dad do not have jobs, and Christmas will be tight. They don't expect much under the tree this year, just as in years past. "They know they don't get a whole lot," Jennifer said. Six-year-old ...
Family man tried to save son in fire - Baton Rouge AdvocateA weekend trip to see relatives in rural St. Tammany Parish turned into a family tragedy early Sunday morning when a Baton Rouge man and his 3-year-old son died in an accidental house fire. Andrew D. Crawford, 40, a Baton Rouge mortgage broker, was a ...
Weak economy delaying Felida green home project - ColumbianThe soft economy is delaying the construction of a hyper-green home in Felida. Yet, despite uncertain financing due to the national mortgage meltdown, advocates of the home say they are determined to build a house that generates as much energy as it ...
Students design prefab Habitat - Collegiate TimesArchitecture majors Brandon Lingenfelser and Dan Gussman began their thesis project last year, with the intention of creating an easier way to build a Habitat for Humanity home. Gussman said they had worked for the cause before, and hoped to improve ...
REAL ESTATE - News-Democrat• 2000 S. 11th St.; from Beverly Elge, trustee; to Gregory Harris; $30,000. • 318 W. Cleveland Ave.; from Christy L. Hancock and Roger L. Hancock; to Paul Steigerwald; $75,000. • 6 Pageant Court; from Mary J. Daugherty; to John Brown and Kylee ...
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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