Posts Tagged ‘real estate definitions’

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

December 28th, 2010

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

Underwriting
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.