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Underwriting |
The process of analyzing a borrower's capability
to honor repayment of a loan (evaluating his or her credit, assets, employment)
along with the value of the property being purchased, to help minimize the risk
involved for the party lending the purchase money |
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Unilateral contract |
A one-sided contract in which only one party is
legally under obligation by the terms of the contract; one party promises an
action to the second party, who is not legally required to respond, but if the
second part does comply, then the first party is obligated to honor the promise
made |
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Unsecured loan |
A loan that is not guaranteed by
collateral |
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Usury |
The act of charging more than the maximum rate
of interest permitted by law |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Fill out the form below for a quick response from me by email. It's free, without obligation, and I guarantee your privacy.
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Lara Jobe The Lara Jobe Team RE/MAX Associates 4105 S. Bowen Road Arlington, TX 76016 Phone: 817-276-5188 Fax: 817-276-5186 Email: Lara@larajobe.com
Lara Jobe is the NUMBER ONE agent in the Dallas/Ft. Worth metro area. Lara's dedication and commitment to her clients redefines customer service. Her market expertise, hard work and application of efficient, electronic technology allows Lara to provide her clients with the best opportunities for their success, whether they are buying or selling. 
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