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News about Mortgages:
Real estate sector suffering still; sales fall, foreclosure misery ... - Fosters Daily DemocratThe third quarter figures for real estate activity in Strafford County show that, in keeping with national trends, the local property market is continuing to slow down, while foreclosures are still on the rise. From January to September 2008, there ...
Foreclosures on rise in N.H., nationally - Portsmouth HeraldThe number of home foreclosures in Rockingham County are increasing, following the national trend. In the county, the number of foreclosures in September were 33, compared to 19 in September a year ago, according to information released by Real Data ...
Keep an eye on who in NH gives bailout proposal the thumbs-down - Nashua TelegraphThe big question about the Wall Street buyout as the showdown vote approached over the weekend was who gets to vote no? Democratic leaders on Capitol Hill insisted they needed the votes of at least 100 House Republicans to pass the measure ...

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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.
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