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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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Seneca mortgage quotes news:
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Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. The Obama campaign talks a lot about new ideas and expanding the political map, but in the swing state of Pennsylvania, which the campaign has ...

John McCain to visit Sandusky - Sandusky Register
(AP Photo/Stephan Savoia) Republican presidential candidate Sen. John McCain is scheduled to stop in Sandusky on Thursday. Some say the last serious U.S. presidential candidate to visit Sandusky was Gerald Ford. Soon they will be telling a different ...

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