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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

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

U

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

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

Unsecured loan

A loan that is not guaranteed by collateral

Usury

The act of charging more than the maximum rate of interest permitted by law

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



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Real Estate Trivia
Q 
What unique contribution did the town of Flushing, New York make to the American home?

A 
The flush toilet was invented in Flushing.
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Michael, REALTOR®, real estate agent and broker for Phoenixville, Downingtown and Exton, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Michael Richter
Re/Max Achievers Inc

1425 S Collegeville Rd # RTE29
Collegeville, PA 19426
Cell (perferred): 215-919-1445
Desk: 610-489-5151
Office: (610) 489-6021
E-mail me at: MikeRichterRealtor@GMail.com

Real Estate License No.: RS300502

Equal HousingMLSREALTOR


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