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News about Mortgages:
Local farmers can get low-interest loans due to storm damage - Adirondack Daily EnterpriseTwelve upstate counties, including Essex and Clinton, have been designated as disaster areas by the federal Department of Agriculture, qualifying farmers in them for low-interest loans, according to a press release from U.S. Sen. Chuck Schumer. The ...
Orange County is eligible for USDA federal disaster aid - Mid-Hudson News NetworkWASHINGTON - The U.S. Department of Agriculture has designated Orange County as a Secretarial disaster area – one approved by the Secretary of Agriculture – due to multiple disasters that occurred in 2008. All counties will now be eligible for ...
Business News Stories - Atlanta Journal ConstitutionWashington —- A federal commission is urging a 50 percent increase in gasoline and diesel fuel taxes ito finance highway construction and repair until the government devises another way for motorists to pay for using public roads... Bank deals ...
Real Estate News Stories - Atlanta Journal ConstitutionSAN FRANCISCO — The state's high court has prohibited three Southern California parishes who left the U.S. Episcopal Church over its ordination of gay ministers from retaining ownership of their church buildings and property... Property tax fight ...

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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 |