Farmington Mortgage Refinance and Information Online from competing Lenders

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Gallup mall’s ownership fights for life - Gallup Independent
GALLUP — Are the “going to the mall” days over in the U.S.? General Growth Properties, owner of Rio West Mall in Gallup and the Animas Valley Mall in Farmington, warned that it faces solvency trouble and might be forced to file for bankruptcy ...

Metro Detroit home prices down 17.2% from last year - Detroit Free Press
Home prices continued their downward trend through August, falling 17.7% in the nation’s 10 largest cities and by 17.2% in metro Detroit as compared to a year ago. The price erosion, while stimulating local home sales and clearing inventory, has ...

Detroit-area home prices down 17.2% - Detroit Free Press
Home prices continued their downward trend through August, falling 17.7% in the nation's 10 largest cities and by 17.2% in metro Detroit as compared with a year ago. The price erosion, while stimulating local home sales and clearing inventory, has ...

Lakeside owner deep in red ink - Macomb Daily
The tumbling economy lost another domino this week with the announcement that bankruptcy is possible for the corporate owner of Lakeside Mall, which owns 200 other shopping centers. General Growth Properties Inc., the nation's second largest mall ...

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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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