Lender
A lender is an entity, typically a bank or financial [...]
Loan Estimate (LE)
The Loan Estimate (LE) is a standardized form required by [...]
Loan Origination
Loan origination is the initial process in the mortgage lending [...]
Loan to Value (LTV) Ratio
The Loan-to-Value (LTV) ratio is a crucial metric in mortgage [...]
Lock-In Agreement
A Lock-In Agreement is a contract between a borrower and [...]
LTV
The Loan-to-Value (LTV) ratio is a measure comparing the amount [...]
Margin
In an adjustable-rate mortgage (ARM), the margin is a fixed [...]
Mortgage Broker
A mortgage broker acts as an intermediary between borrowers and [...]
Mortgage Fraud
Mortgage fraud involves intentionally misrepresenting or omitting information during a [...]
Mortgage Insurance (MI)
Also known as Private Mortgage Insurance (PMI), MI is required [...]
