U’s of Real Estate Definitions / Most Commonly Used Words

December 28th, 2010 by admin Leave a reply »

The U’s of Real Estate Terms you may need to know when buying your real estate in Vienna, IL & surrounding areas with unbelievable prices and locations

The process of evaluating a loan application to determine the risk involved for the lender. Underwriting involves an analysis of the borrower’s creditworthiness and the quality of the property itself.

Unsecured Loan
A loan that is not backed by collateral.


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