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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 
Why is the Terra Amata site in Nice, France famous?

A 
Remains of 21 huts found in 1965 are thought to be the oldest known habitation from the Acheulian culture 400,000 years ago.
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TeamHeidi™, REALTOR®, real estate agents and broker for Charlotte, Lake Norman and Huntersville, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Heidi Hines, TeamHeidi™
RE/MAX Executive Realty

19810-C West Catawba Avenue
Cornelius, NC 28031
Heidi's Hot Line: 704-458-4636
Team Office: 704-927-2745
Fax: 704-815-3256
Email: Homes@HeidiHines.com

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