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Maryann Haggerty and Elizabeth Razzi - Washington PostWelcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...
Republicans spent $150,000 on Sarah Palin's clothes - Times OnlineThe Republican Party has spent $150,000 in upmarket designer stores on dressing Sarah Palin for the part of vice-president. During September, more than $75,000 was spent in a single shopping spree at Neiman Marcus in Minneapolis, and another $9,500 ...
1 in 4 homes 'underwater' - Santa Rosa Press DemocratNow with the bursting of the housing bubble, many don't dare look. The reality is too disheartening: 1 in 4 homeowners in Sonoma County owe more on their mortgage than the home is worth, according to a study released Wednesday by Zillow.com, a real ...
Viewer Stories: Single Parents Struggle - WSB-TV AtlantaI am a single mother of four elementary school-aged children. Although life gets hard from time to time, I have always managed to give my kids what they need. But now I find myself constantly telling my kids what they can't have. I no longer have ...
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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