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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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Johnston refinance mortgage news:
Financial News
HBOS takeover: Still time to save 'The Bank' - Scotsman
THE Scotsman is today demanding answers about the HBOS takeover in a bid to secure the best deal for the nation and prevent the untimely and unnecessary death of one of our most venerable institutions. The newspaper is adamant that Scotland should ...

Anger at Mandelson's intervention over HBOS as Government seeks to ... - Scotsman
BUSINESS leaders accused the government last night of trying to force through the takeover of HBOS by Lloyds TSB, after Peter Mandelson warned the bank would be bailed out only if the deal went ahead. Concern about ministers' tactics came as new ...

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