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West Village developer allowed longer leases - Atlanta Journal ConstitutionThe developer of the 63-acre West Village mixed-use neighborhood in south Cobb County will be able to lease condominiums for a longer period, until the market improves enough to sell them. The County Commission has approved developer Branch ...
BofA could move jobs to Charlotte - Atlanta Business ChronicleBank of America will likely relocate 650 jobs from the bank’s namesake skyscraper in Midtown Atlanta to Charlotte, N.C., unless the building gets a major renovation. BentleyForbes Group , owner of Bank of America Plaza, and attorneys representing ...
Woodstock refuses bond to refinance labor office - Atlanta Journal ConstitutionThe Woodstock City Council has balked at issuing bonds for a Department of Labor office in Kennesaw that serves Cherokee and north Cobb counties. “This was really a refinancing for a group that recently purchased the building,” City Manager Jeff ...
Hopes bloom as bailout rewards recklessness - Bangor Daily NewsWall Street has become a zone of fascination at Cobb Manor, because I presume that somewhere within that $700 (or is it $900) billion taxpayer bailout, there will be enough crumbs to dissolve the mortgage at Cobb Manor. Certainly if the Wall Street ...
Options to solve credit challenges - Atlanta Journal ConstitutionWith mortgage delinquencies on the rise, many lenders are tightening their standards, even cutting out 100 percent financing altogether. In some cases, even borrowers with great credit are having to work harder to justify loan amounts. So what ...
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.
View all Terms