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Interest rate drop opens door to refinancing - Austin American-StatesmanThe recent sharp drop in mortgage interest rates is creating a window for homeowners nationwide to refinance and providing an incentive to people who have been holding back on buying a house. In the past week, mortgage rates for 30-year fixed loans ...
Ben Bernanke: Fresh Attack on Mortgage Rates - US News and World ReportFed Chairman Ben Bernanke on Monday opened the door to another unconventional measure to lower mortgage rates: buying long-term Treasury bonds. In a speech in Texas Monday, the Fed chief said: Although conventional interest rate policy is constrained ...
Hotels keep door shut to big rate cuts - Financial TimesUS travellers hoping that the global financial crisis would herald bargain Thanksgiving weekend hotel deals have been finding them hard to come by. However grim the outlook for the hospitality industry, the world's leading hotel groups say they will ...
Dubai assures on debt pile - Financial TimesDIFC Investments, a Dubai government fund, plans to pay off an entire $500m loan that matures in the first week of December as the government steps up its attempt to assuage investor concerns about its outstanding $80bn debt pile. An official from ...
Game over?: English football at bursting point - The IndependentAmid a frenzy of borrowing to pay the wages of international superstars– and build extravagant new stadiums – the most treasured clubs in the Premier League have been sold off to foreign investors. But as times get hard, English football could be ...
Borrowers get gift of lower mortgage rates - Seattle Post IntelligencerMortgage rates plunged after the Federal Reserve announced that it would buy up to $500 billion of securitized home loans. Rates on 30-year, fixed-rate, conforming mortgages fell well below 6 percent after the Fed announced Tuesday morning that it ...
10 Ways to Get Better VoIP Deals During the Downturn - Voip- NewsThe natural reaction of businesses to economic downturns is to focus on the challenges, such as how to keep revenue coming in at a reasonable rate. But recessions can also present opportunities, including the ability to get more of what one needs ...
Cops: Drunk Driver Ends Police Chase by Running Over Himself - FOX NewsSANTA FE, N.M. — A man is in a northern New Mexico jail, accused of driving drunk and leading police on a chase that finally ended with him running over himself. Roy Travis Aguilar, 21, was treated for minor injuries at a Santa Fe hospital and ...
Police Arrest Man Believed to Be Linked to Sex Assault Slaying of Reno ... - FOX NewsPolice arrested a man on murder and other charges who is believed to be connected to the kidnapping and killing of Reno teenager Brianna Denison. Local affiliate KRNV-TV confirmed that James Biela, 27, was arrested late Tuesday, booked at the Washoe ...
Malls shiver as owner hits trouble - Atlanta Business ChronicleOne of metro Atlanta’s major mall owners and operators may face bankruptcy, which could shake up the local mall landscape over the long-term. Chicago-based General Growth Properties Inc. , which owns Perimeter Mall, North Point Mall, Cumberland ...

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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 |