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Carlsberg calls time on Leeds brewery - Times OnlineCarlsberg, the Danish brewing giant, today confirmed that it will close its 186-year old brewery in Leeds and said that it had cut its full-year operating profit forecasts by 2.5 per cent. The beer maker, which acquired Scottish & Newcastle with ...
Huntley acts to secure longtime resident's home - Courier NewsHUNTLEY -- An ordinance unanimously approved by the village board recently will keep longtime resident Mary Ellen Moerke from being forced to leave her home. "I don't like having a threat hanging over my head," Moerke said. "I get to stay there until ...
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