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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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| Q |
What criteria determines the hottest real estate markets?
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| A |
Job/personal income growth; population/household growth; housing affordability/appreciation; and current inventory of homes for sale. |
 See More Real Estate Trivia > |
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Dean Christofilos, Managing Broker Owner
Volo and Tinley Park Offices
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Fax: 708-633-9341
Email: Dean@ChrisKareRealty.com
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