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Welcome > Resources > Real Estate Dictionary - A
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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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Tom Pendergast
Prudential Bob Yost- Homesale Services
1680 Kenneth Road
York, PA. 17408
Cell Phone: 717-880-2111
Office: 717-793-9678
Direct Number: 717-718-8550
Fax: 717-718-4087
Email: tompenderg@gmail.com
Tom Pendergast was voted Best Realtor in York County by the readers of the York Newspaper and www.inyork.com. Tom has a team of 7 professionals to serve both buyers and sellers. His team has combined experience of over 100 years and rate in the top 250 of all Realtors Nationwide.
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