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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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Waupaca mortgage rates news:
Financial News
Existing home sales fall 3.1% - Post-Crescent
Nationwide sales of existing homes fell more than expected last month, as economic fears made buyers leery even though prices plunged to the lowest level in more than four years. And the decline is expected to get worse because October's results ...

Police officer charged with beating his wife is suspended - Milwaukee Journal Sentinel
The officer could also face further discipline within the department, which has launched an internal investigation into the matter, according to Michael Tobin, executive director of the city's Fire and Police Commission. A criminal complaint issued ...

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