Towner Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Price of Southern California homes falls 41% from peak - Los Angeles TimesSouthern California home prices have been dragged down by the large number of foreclosed homes on the market, with repossessed properties accounting for more than half of residences sold in October. This home is on Towner Street in Santa Ana. The ...
RSS Feed: Local News - Tracy PressA local political action committee reported it raised $5,600 in the past few weeks, and money continues to pour into the race for mayor. Thursday was the deadline to report campaign donations received between Oct. 1 and Oct. 18. From now until ...
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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