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Don't use credit card to pay mortgage - Sauk Valley Daily GazetteDEAR DEBT ADVISER: I have a mortgage of $213,000 on a home valued at $276,000. My credit score is 713. I'm wondering if I would be better off to max out all my credit cards - the combined limit total is approximately $70,000 - and pay down my ...
The year that stole jobs and Christmas parties - South China Morning PostChristmas will never be the same for the staff at American International Underwriters, a unit of AIG. For the first time in 77 years, the firm has had to cancel its Christmas party, disappointing more than 200 employees. It has forfeited its booking ...
Register for FREE - Wall Street JournalLast month, Dan Brown and his roommate headed from San Francisco to Las Vegas. They were aiming to win big so they could pay off their student loans. "If you don't try, you can't win," says Mr. Brown, a 26-year-old marketing consultant. He's sitting ...
Is help on the way? - Boston GlobeAs the government spends billions to prop up troubled financial firms, Joyce Hodge doesn't understand why she can't get help to shave $400 off her monthly mortgage to avoid foreclosure. The Roxbury mother of four has been calling her servicer for ...
Charter Chairman Fields ‘Informal Inquiries’ - Multichannel OnlineCharter Communications said its chairman and controlling shareholder Paul Allen was recently approached by unnamed investors inquiring about possible investments or transactions with the St. Louis-based cable company. According to a document filed ...
Water Tower Place - Chicago TribuneAmerican Girl Place has been part of Chicago's retail landscape for 10 years. So what explains its enduring appeal, even in these iffy economic times? It's the experience, silly! (Addy, Kit and the rest of the Girls would never call anyone stupid ...
After the Building Boom - Wall Street JournalThe economy's swoon and Wall Street's woes are taking a particularly specific and tough toll on art museums. The art boom of the past two decades, and the resulting skyrocketing costs of acquisitions and insurance, led museums to staff their boards ...
Homeowners Hurt By Mortgage Companies Ripping Them Off - WTVFIt's the main reason we're in the biggest financial crisis since the Great Depression. Hard-working Tennesseans were lied to and tricked into signing home loans they couldn't afford. Abusive lending practices are now costing all of us. James Slate ...
County votes heavy turnout - Hope StarHempstead County voters went to the polls today in droves, a prospect portended for the past two weeks as early voting took on seemingly record proportions, and local voters joined the nation in finalizing their political choices for 2008. Polls ...
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