by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
Lock-In In real estate finance, a lock-in is a provision in a mortgage or deed of trust that restricts or prohibits the borrower from repaying or refinancing the loan for a specified period of time. During this lock-in period, the borrower is effectively required to...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
Loan-to-Value Ratio In real estate finance, the loan-to-value ratio, often abbreviated as LTV, is a measure used by lenders to compare the amount of a proposed loan to the value or selling price of a property. It is expressed as a percentage and helps indicate the...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
Loan PackageIn real estate finance, a loan package is the complete set of documents and supporting materials submitted to a lender for the purpose of evaluating a proposed loan. It provides the information a lender needs to assess the borrower’s creditworthiness,...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate finance, a Loan Origination Fee is a one time charge assessed by a lender for processing and setting up a loan. It is commonly expressed as a percentage of the total loan amount. This fee compensates the lender for services such as underwriting,...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate finance, a Loan Commitment is a lender’s written agreement to provide a loan to a borrower under specified terms and conditions. The commitment is typically issued after the lender completes appraisal, underwriting, and credit review. A loan commitment...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate finance, a Loan Application is a document completed by a borrower to provide information a lender uses to evaluate whether to approve a loan. It collects personal, financial, and employment details needed to assess the borrower’s ability and willingness...
