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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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Harper refinance mortgage news:
Financial News
Foreclosure-prone areas to get help - St. Petersburg Times
TOWN 'N COUNTRY— Rose Harper has had numerous next-door neighbors in the 36 years she has lived in her home. One fixed cars in the yard. Another rented out part of the house to immigrant laborers. Now the mustard-colored house is in the hands of ...

Obama wants to limit foreclosures - but how? - San Francisco Gate
On the campaign trail, the president-elect proposed a 90-day moratorium on foreclosures, giving Bankruptcy Court judges the right to modify mortgages on primary residences, a $10 billion foreclosure-prevention fund and a mortgage tax credit of up to ...

New rules make reverse mortgages a better deal - Kristv.com
Retirees concerned about their decimated savings should take a second look at reverse mortgages. Beginning November 1, 2008, homeowners everywhere may borrow up to $417,000. Previously, the Home Equity Conversion Mortgage program assigned various ...

Most want gov't aid for forest industry - New poll comes as companies ... - CNW Group
OTTAWA, Oct. 7 /CNW Telbec/ - The majority of Canadians in all regions of the country agree or somewhat agree that governments should provide financial aid to keep more forest companies from closing. The results of a new poll by Nanos Research for ...

BLOG: Up to 100,000 at Obama rally Sunday - Rocky Mountain News
Democratic presidential candidate, Sen. Barack Obama, D-Ill., arrives at a rally in Fort Collins, Colo., Sunday, Oct. 26, 2008. Video: With nine days to go before Election Day, Sen. Barack Obama's rally in downtown Denver's Civic Center Park draws an ...

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