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Mortgage rates are low, but loans difficult to get - San Jose Mercury NewsMortgage rates are at their lowest level in decades, but thousands of Silicon Valley residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the most ...
A Troika of REITs: Creating Higher Income in a Depressed Market - Seekingalpha.comFalling interest rates have hurt savers. People in retirement and those who are close to retirement have seen their income from savings and investment decline significantly as interest rates worked toward the zero line. The broad based economic ...
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