A short sale deficiency waiver is a lender's written promise to forgive the remaining mortgage debt after...
A Settlement Service Provider List is a required document from your lender that outlines recommended...
A Servicing Release Premium (SRP) is the fee a lender earns by selling the rights to service your mortgage...
The servicer loss mitigation waterfall is the step-by-step process mortgage servicers follow to help...
Seller-paid points allow a home seller to pay mortgage points at closing on behalf of the buyer, helping...
A Seller Financing Disclosure is a mandatory legal document that details all terms and conditions of...
A security instrument is a legal document that pledges property or assets as collateral to secure a loan,...
A secured installment loan is a borrowing method where you repay a fixed amount over time, backed by...
The secondary mortgage market is where existing home loans are bought and sold between financial institutions,...
Secondary financing approval is the consent your primary mortgage lender gives you to take out an additional...