Mortgage Glossary 'S'

Settlement to Sweat Equity
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Settlement to Sweat Equity – Glossary of Mortgage Terms

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A B C D E F G H I J L M O P R S T U V
  • Settlement: another name for closing.
  • Special Forbearance: a loss mitigation option where the lender arranges a revised repayment plan for the borrower that may include a temporary reduction or suspension of monthly loan payments.
  • Subordinate: to place in a rank of lesser importance or to make one claim secondary to another.
  • Survey: a property diagram that indicates legal boundaries, easements, encroachments, rights of way, improvement locations, etc.
  • Sweat equity: using labor to build or improve a property as part of the down payment.

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