"Comprehensive Glossary of Real Estate Terminology – Letter U"
Peruse the following real estate terminology and learn to "talk the talk"! Just click on the appropriate letter and start feeding your head now!
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
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.
Uniform Residential Loan Application:
A standard mortgage application you will have to complete. The form requests your income, assets, liabilities, and a description of the property you plan to buy, among other things.
A loan that is not backed by collateral.
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