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Applicants for fuel help on the rise - Billerica MinutemanThough oil prices are down almost $100 a barrel, fuel assistance organizations say they’re getting more applicants than ever. Marie O’Rourke, who handles the applications for Fuel Assistance in Billerica, Wilmington and Tewksbury, is booked until ...
Royal Philips healthcare unit lays off in Andover - Boston GlobeRoyal Philips Electronics NV's healthcare unit, based in Andover, said it cut 5 percent of its workforce this week, or 1,600 jobs worldwide, including fewer than 100 in Andover. Spokesman Ian Race said the cuts were needed to streamline management ...
Traverse named senior loan officer at Salem Five - Lowell SunKen Traverse of Billerica has been appointed senior loan officer at Salem Five Mortgage Company, LLC, a subsidiary of Salem Five Bank. He focuses on providing residential lending products and services in a region that includes Billerica, Burlington ...
Brion Cangiamila: Keep businesses here - Arlington AdvocateState Senate Republican candidate Brion Cangiamila was shopping for a suit one day, and was dismayed he couldn’t find one made in the United States. This lack of manufacturing power in the state is one of the key issues he wants to resolve as the ...
Car dealers see 'closed' in the future - Boston GlobeFord, General Motors , and Dodge dealerships northwest of Boston are among the latest casualties in an industry hit hard by tightened credit markets and plummeting car sales. The industry is bracing for a spate of closings as the country's economic ...
Enterprise Bancorp Announces Its Seventy-Sixth Consecutive - MSN MoneyCentralEnterprise Bancorp, Inc. (the “ company ” ) EBTC announced net income of $1.7 million for the quarter ended September 30, 2008 compared to $2.6 million for the quarter ended September 30, 2007. Diluted earnings per share were $0.21 for the third ...
Embattled state senator faces corruption charges - Boston GlobeState Senator Dianne Wilkerson, a one-time rising star in state politics who has been plagued with legal troubles during her 15-year legislative career, appeared today in federal court to face charges that she allegedly accepted eight bribes worth ...
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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