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Today's Mortgage Terms starting with S

Second Mortgage:

An additional mortgage that has rights that are secondary to the first mortgage.

Seller’s Market:

Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.

Settlement Costs:

Money paid by the borrowers and sellers to complete the closing of a mortgage.

Settlement Cost (HUD Guide):

HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

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Dekalb mortgage loan news:
Financial News
'White House' saved from foreclosure - KSDK
DEKALB COUNTY, Ga. -- The current residents of the White House will not be moving out, after all. The residents of the "Atlanta White House," that is -- Fred Milani and his wife. Milani built and owns the Atlanta White House. It's a replica of the ...

Georgia White House Saved - First Coast News
ATLANTA, GA -- The current residents of the White House will not be moving out, after all. The residents of the "Atlanta White House," that is, Fred Milani and his wife. Milani built and owns the Atlanta White House. It's a replica of the real White ...

Little cash for a down payment doesn’t have to keep you out of a ... - Atlanta Journal Constitution
Q. 100% financing seems to have disappeared so how can I buy a home if I have little or no cash for a down payment? A. Your down payment is your collateral on your home loan, ensuring your lender that they will be able to recover their full loan ...

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