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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.

View all Terms
Shelby mortgage quotes news:
Financial News
Mile High Letdown - Slate
Obama Speech React: 1) A little flat, and not just because of it's now-required State-of-the Union laundry-list passages; 2) Background off, color-wise; 3) Best graf by far: I love this country, and so do you, and so does John McCain. The men and ...

Plouffe Whistles Plus: Obama's failed fight-back - Slate
Effective day for Dems. 1) Bill Clinton outlined a simple, substantive framework for the election. As James Taranto noted, he built a stronger case for Obama than Hillary did--an inversion of how the two Clintons are said to actually feel about the ...

History's Back - Weekly Standard
Here’s what Barack Obama told Time ’s Karen Tumulty and David Von Drehle earlier this week, when asked what we would learn about him from his vice presidential pick: Hopefully, the same thing that my campaign has told the American people about me ...

Obama's Failed Fight-Back - Slate
You know how when you give a party, you have a great time and there's this warm glow as you think about it? And then you start remembering the guests who didn't show up, and you get a little annoyed? Hillary's speech last night was like that ...

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sources: informars.com, erate.com, Freddie Mac
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