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Financial News
Transcript: Color of Money Book Club - Washington Post
Personal finance columnist Michelle Singletary hosted an online discussion with Carolyn Warren , author of "Mortgage Rip-Offs and Money Savers" (John Wiley & Sons), on Thursday, Aug. 28 at Noon ET. Carolyn Warren: I list 7 disadvantages of an ...

A transcript follows. - Washington Post
Michelle Singletary: Welcome all. I'm sure today's discussion will be interesting. So let's get started. Pittsburgh, Penn.: I'm getting ready to purchase a new home in the $400,000 range - may put up to 50% down to "buy down" the monthly payment ...

Grant to benefit homebuyers in 9 counties - Daily Independent
Ashland — A $100,000 grant from the U.S. Department of Agriculture should make the process of buying a home a little easier in Carter and Elliott counties, as well as other parts of eastern Kentucky. The grant, which was presented to Frontier ...

Homes for Sale: $1 - AOL
"In Norfolk, we have what's called a 'demolition delay bylaw,'" says Bill Domineau, chairman of Norfolk's historical commission. "If a home is determined to have some historic value, we can require the owners to hold off on destroying it for at least ...

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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
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