Choose the letter of the term you want to see.
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Sales Price |
The amount for which a seller agrees to sell their home. |
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Satisfaction of Mortgage |
The recordable instrument issued by the lender verifying full payment of a mortgage debt. |
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Second Home (Vacation Home, Weekend Home) |
A residence other than the borrower's primary residence which the borrower intends to occupy for a portion of each year. Must be suitable for year-round occupancy. |
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Secondary Mortgage Market |
A market where existing mortgages are bought and sold. It contrasts with the primary mortgage market where mortgages are originated. |
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Security |
In lending, the collateral given, deposited, or pledged to secure the payment of a debt. |
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Security Interest |
An interest that a lender takes in the borrower's property to assure repayment of a debt. |
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Servicing A Loan |
The ongoing process of collecting your monthly mortgage payment, including accounting for and payment of your yearly tax and/or homeowners insurance bills. |
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Settlement Services |
Services provided by the lender at the closing of a loan. |
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Survey |
A drawing or map showing the precise legal boundaries of a property, the location of improvements, easements, rights of way, encroachments, and other physical features. |
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