Quickloans Glossary

A | B | C | D | E | F | G | H | I | J | K | L | M | N |
O | P | Q | R | S | T | U | V | W | X | Y | Z

 
S

SERVICING
All steps and operations a lender performs to keep a loan in good standing, such as collection of payments, payment of taxes, insurance, and property inspections.

SETTLEMENT/SETTLEMENT COSTS
See closing/closing costs.

SHARED APPRECIATION MORTGAGE (SAM)
Borrower receives a below-market interest rate and the lender (or another investor) receives a portion of the future appreciation of the property.

SURVEY
Measurement of land, prepared by a registered land surveyor, showing location of the land with reference to known points, dimensions, and the location and dimensions of any building.

Back to Top