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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
Darlington mortgage rates news:
Financial News
Q&A: What does the 1 per cent cut mean for you? - Times Online
The Bank of England has cut the base rate to its lowest level since 1951. The reduction to 2 per cent is the third successive drop in the base rate in as many months and some borrowers will be hundreds of pounds better off as a result. Only four ...

Real-Time News - Newark Star-Ledger
• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...

Tracker mortgage rates hit the buffers - This is Money
The slashing of the Bank of England base rate yesterday to 3% means that lenders can use small-print clauses to stop passing on cuts on tracker mortgages. Borrowers with some of Britain's biggest lenders, including Nationwide and Halifax, are at risk ...

PREDICTING THE CHANGES AHEAD - Tiscali
The prediction from Britain's largest building society, Nationwide, that annual house price inflation will drop sharply from 9.7% today to 0% by this time next year, is disputed by several market pundits. Says Nationwide chief economist Fionnuala ...

Former Woolies chief Paul Simons backs salary cap - The Australian
WHEN Paul Simons ran Woolworths for two decades until 1994, he kept a tight lid on executive pay, including his own, with a simple rule that he firmly believes has lost none of its appeal. The rule was that no Woolies executive, even with full bonus ...

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