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A transcript follows. - Washington PostRead Michelle's past Color of Money columns or check out her past Book Club picks . Michelle Singletary: Good afternoon to you all. I'm so pleased to have Sue and Laurence here to answer any of your career-related questions. And with umemployment up ...
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Register for FREE - Wall Street JournalThe email address you have entered is already in use. Please re-enter the email address. As of late Thursday night, registered Democrats had cast 225,670 of the 438,129 ballots (51.5%) in the two most populous counties, Las Vegas’s Clark County and ...
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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.
View all Terms