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Besheer and Wolfe: Financial planning for the future - SaratogianAs we wind down 2008, many people continue spending more than they earn, credit has tightened, home equity has fallen. Now is a good time to make changes to secure your credit rating and your financial future. The following suggestions could make the ...
Mortgage freeze hard on self-employed - Rocky Mountain NewsThe government’s recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people — even those with pristine credit — the mortgage freeze has yet to thaw ...
Self-Employed Are Frozen Out of Mortgages - Wall Street JournalThe government's recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people -- even those with pristine credit -- the mortgage freeze has yet to thaw. A ...
County votes heavy turnout - Hope StarHempstead County voters went to the polls today in droves, a prospect portended for the past two weeks as early voting took on seemingly record proportions, and local voters joined the nation in finalizing their political choices for 2008. Polls ...
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