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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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Outagamie home equity loans news:
Financial News
Update: Kagen opposes automakers' bailout; others from state open to ... - Green Bay Press-Gazette
Senate proposals to rescue the carmakers appear stalled because key Republicans oppose using more taxpayer money to rescue companies they consider badly managed. Congress approved $25 billion in federally subsidized loans through the Energy ...

Will crisis reach farms? - Milwaukee Journal Sentinel
Agricultural bankers say money is still available for farm lending, although the turmoil in U.S. financial markets has surfaced in the form of tighter credit and depressed crop prices. Farmers and their advisers worry that a credit crunch could join ...

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