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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
Ottawa refinance mortgage news:
Financial News
More Canadians Opting for Variable Rate Mortgages - Economicnews
(CEP News) Ottawa - Canadians are increasingly opting for variable rate mortgages when it comes time to buy or refinance a home, according to survey results released by the Canadian Association of Accredited Mortgage Professionals (CAAMP). The market ...

Meltdown far from over, new mortgage crisis looms - 680 News
WASHINGTON - U.S. retail shoppers hunting for holiday bargains on "Black Friday" won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same ...

Meltdown far from over, new mortgage crisis looms in commerical real ... - 680 News
WASHINGTON - The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis - one that could turn out the lights on malls, hotels and storefronts. Even as the holiday shopping season begins in full swing, the ...

'Black Friday' won't stave off black days ahead: Analysts - Ottawa Sun
WASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims ...

Impact didn't withdraw MLS bid: Saputo - Montreal Gazette
Impact president Joey Saputo remains keen on joining Major League Soccer, but he won't risk the team's future or the continued growth of soccer in the city and across the province to do it. "In soccer, like any other sport, we have to make sure our ...

With markets in turmoil, how to buy gold bars - Globe and Mail
As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. With the market in turmoil, I may buy some gold ...

Canadian Mortgage Consumers Manage their Debt Responsibly - CNW Group
OTTAWA, March 19 /CNW Telbec/ - Canada Mortgage and Housing Corporation's (CMHC) 2007 Mortgage Consumer Survey shows that 78 per cent of Canadians who recently purchased a new home intend to pay off their mortgage as quickly as possible, and many ...

Atlantic Mortgage Consumers Confident and Cautious in their Mortgage ... - CNW Group
OTTAWA, March 20 /CNW Telbec/ - Canada Mortgage and Housing Corporation's (CMHC) 2007 Mortgage Consumer Survey shows that 94 per cent of Atlantic Canadians who recently purchased a home are confident their mortgage choice was the best for them ...

U.S. moves to prop up those at risk of foreclosure - Globe and Mail
Reality Check from Golf green on Bloor St., Canada writes: I don't like this at all. Do you hear the can of worms opening up? "To qualify, borrowers would have to be at least three months behind on their home loans, and would need to have home loans ...

How European interest rates compare to others - Globe and Mail
In Europe, as in every other developed economy, the central banks generally set interest rates to spur economic growth (by moving rates down) and to control inflation (by moving them up). Until recently, inflation has been a much bigger concern in ...

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