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News about Mortgages:

RBI EXTENDS TIME PERIOD FOR CONCESSIONAL CREDIT TO INDIAN EXPORTERS - TradingMarkets.com
In view of the difficulties being faced by exporters on account of the weakening of external demand, RBI decided to extend the period of concessional pre-shipment credit from 90 days to 180 days. The facility would come into effect from December 1 ...

RBI sop for exporters - Times of India
NEW DELHI: The Reserve Bank of India on Friday extended the time period for credit facilities given to various sectors including exporters from 90 days to 180 days to help them tide over credit crunch and battle the economic slowdown. However, the ...

RBI Eases Norms For Exporters And Housing Finance Companies - Top News India
The Reserve Bank of India, on Friday announced sops for the exporters and housing finance companies by extending the time period for credit facilities. The apex bank has increased the period for post-shipment export credit to 180 days from existing ...

RBI steps in again; extends credit period for exporters - MyIris
The Reserve Bank of India (RBI) has extended the time period for credit facilities given to various sectors including exporters to help them tide over credit crunch and battle the economic slowdown. In view of the difficulties being faced by ...

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

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