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News about Mortgages:
Official faults town budget - Independent News OnlineE.GREENBUSH--A proposed tax rate increase prompted a Town Board member to vote against the 2009 budget during a meeting Wednesday. Councilman Rick Matters said he doesn't agree with additional revenue enhancements by way of increased tax rates. The ...
McCain tussles with Palin over whipping up a mob mentality - Times OnlineWith his electoral prospects fading by the day, Senator John McCain has fallen out with his vice-presidential running mate about the direction of his White House campaign. McCain has become alarmed about the fury unleashed by Sarah Palin, the moose ...
Local auto-mechanic recommendations sought - Times Union BlogsI’m categorizing this in shopping since you are buying parts when you go to get your car fixed. That said, I’m having what I believe is an alternator issue on the Buick (pulsing lights and dash, battery gauge moving slightly) and need a good ...
People On the Move - Albany Business JournalPryba Tobin & Co. CPAs P.C. in Latham added Roberta McKinney as a staff accountant. McKinney was previously a staff accountant with another company. She has five years of accounting and tax experience. Carl J. Basile joined the Albany office of ...
Dems: Jimino's budget unrealistic - Troy RecordTROY — Democratic minority members of the Rensselaer County Legislature released their report on the county’s tentative 2009 budget, which outlined their concern that, despite the fact that the county’s tax rate remained, the tax levy is ...
Bankruptcies /Filings for Oct. 3 to Oct. 10 - Buffalo NewsThe following cases were filed in U. S. Bankruptcy Court in Buffalo, with assets, followed by liabilities. Chapter 7 bankruptcies are for liquidation of assets; Chapter 11 seeks temporary protection from creditors; Chapter 12 is a farm bankruptcy and ...
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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