Shiawassee Mortgage Rates and Information Online from competing Lenders

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Backing of Obama, McCain buoy automaker loan plan - Ann Arbor News
WASHINGTON (AP) — Among the few bills likely to actually become law before Congress closes shop for the elections is a plan to give struggling U.S. automakers $25 billion in federal loans. Opponents criticize it as a taxpayer-funded industry ...

Meltdown in US finance system pummels stock market - Ann Arbor News
NEW YORK (AP) — The upheaval in the American financial system sent shock waves through the stock market Monday, producing the worst day on Wall Street in seven years as investors digested the failure of one of its most venerable banks and wondered ...

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Bancroft Corunna Henderson Morrice Owosso Shaftsburg
Byron Durand Laingsburg New Lothrop Perry Vernon

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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