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More Business - San Francisco GateNeighborhoods with affordable home prices, a historical popularity with minority home buyers, and a lot of new construction have been more prone than others to spikes in foreclosures, according to a Chronicle analysis of housing and census data ...
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Higher lending limits will end - Inside Bay AreaMemo to Bay Area home buyers and owners: Your days to buy or refinance homes using big loans set at low interest rates are numbered. As part of the economic stimulus bill that became law in February, loan limits on government-backed mortgages were ...
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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