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Economic stress pushes more to call suicide lines - Augusta Chronicle
The current economic crisis is reportedly prompting an increase in calls to national and regional suicide hot lines. "We have definitely seen an increase in calls related to economic stressors," said Mandy Mercer, whose company, Atlanta-based ...

Updated 10/7: Mortgage, real estate seminar Oct. 15 - Arlington Heights Post
Are you struggling to wrap your head around the recent changes in the mortgage and real estate markets? Are you unsure whether you should refinance, buy, sell or stay put? Oak Park resident and mortgage lender Russ Martin, with PERL Mortgage Inc ...

County delays property reassessments - News-Virginian
VERONA — The 2009 Augusta County real estate reassessment notices will be mailed out next month instead of this week to factor in any possible impact from the recent national mortgage meltdown on local property values. The notices were to be sent ...

Maine candidates respond to AP questions - Boston Globe
AUGUSTA, Maine— With Wall Street's meltdown threatening the national economy, Republican Susan Collins and Democrat Tom Allen both want more oversight and regulation of the financial markets. Allen blames the Bush administration for setting the ...

Broun defends vote against bailout plan - Augusta Chronicle
During a Wednesday meeting of the Greater Columbia County Republican Women, Georgia Congressman Paul Broun detailed his reasons why he voted twice against a bailout bill meant to embolden the sluggish U.S. economy. Quoting himself from a speech he ...

Maine puts hopes in housing bonds - Morning Sentinel
AUGUSTA -- Investment advisers are optimistic, but uncertain, about MaineHousing Executive Director Dale McCormick's announcement Thursday that MaineHousing will be offering bonds exclusively to individual Maine investors. Joel Davis of Joel Davis ...

BankSA cuts variable rate - Australian Broadcasting Corp.
BankSA has matched Australia's big banks in announcing a cut to its variable interest rate of 0.8 of a percentage point. The cut takes effect on Monday and is BankSA's response to the Reserve Bank's decision to cut the official cash rate by a full ...

Recent Comments - Augusta Free Press
Elisabeth Fitzhugh on Waynesboro: Art in a different… chrisgraham on Waynesboro: Art in a different… Deb Booth on Waynesboro: Art in a different… First, a look back at last week. I argued that a cause of the current economic turmoil was a clash ...

Something is very wrong here - Bismarck Tribune
Recently we keep hearing the words, "bail out Wall Street."Interesting words, but what do they really mean?A "bail" is a "guarantee" that the defendant does not have to remain in jail while waiting for the decision of the grand jury, or the ...

Voting hampered for overseas soldiers - Blueridgenow.com
American soldiers can hump 60-pound packs through the broiling desert, kill for their country and die for it, but they can't always vote for their commander in chief. Related Links: Report: Palin violated ethics laws, abused power Rezko convicted of ...

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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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