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Your House is Your Largest Investment - Midwestbusiness.comRemember when you were told this when making a decision to buy a house? For years everyone looked at buying a house as their single most important investment. It was the goal for young couples as well as a key component in fulfilling the American ...
Mortgage brokers seeing more refinancing - WRALRaleigh, N.C. — New numbers out Wednesday show national sales of new homes are at their lowest point in 18 years. But when it comes to pre-owned, the days of bargain hunting here may be over. The Federal Home Finance Agency reports prices are still ...
Gold Thoughts - Safe HavenThe superiority of returns on Gold to investors over the miserable returns on paper equities would seem at some point to become an embarrassment to the purveyors of Stock Certificates of Negative Return. While US$Gold is down from the high, so many ...
Buy Real Estate Now - Forbes11.27.08 - First, the bad news. New home sales in the U.S. haven't been this low since 1991, according to the Commerce Department. Now the good news. New home sales in the U.S. haven't been this low since 1991. This means prices are back to where ...
Vonage Holdings Corporation Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day, everyone and welcome to the Vonage Holdings Corporation's third quarter 2008 earnings conference call. Just a reminder, today's call is being recorded. At this time for opening remarks and introductions, I would like to turn the conference ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Selling GM Headquarters - 27 First NewsA way to raise cash is what a General Motors official says about possibly selling its downtown Detroit headquarters. Reports Monday in the Detroit News say that General Motors Corporation wants to borrow about five hundred million dollars from one or ...
U.S. administration cuts back mortgage relief plan - International Herald TribuneWASHINGTON : The administration of George W. Bush is backing away from proposals to have the government refinance a broad swath of U.S. homeowners who face foreclosure after taking out subprime mortgages and other high-risk loans over the past few ...
White House scales back a mortgage relief plan - International Herald TribuneWASHINGTON : The Bush administration is backing away from proposals to have the government refinance a broad swath of homeowners who face foreclosure after taking out subprime mortgages and other high-risk loans over the last few years. The clearest ...
AngloGold CEO Targets $1 Billion Bond Refinancing (Update2) - BloombergNov. 10 (Bloomberg) -- AngloGold Ashanti Ltd., Africa's largest gold producer, said it's seeking to refinance a $1 billion convertible bond within the next seven weeks amid a global financial crisis that's frozen credit markets. ``It's our most ...
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