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Hoosier thoughts - The TribuneLAFAYETTE - Schools across Indiana began consolidating roughly 40 years ago, merging small community schools - almost neighborhood-like high schools - into larger schools. Combining schools improved and deepened financial resources and offered ...
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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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