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Real Estate Dictionary: Washington, DC, Chevy Chase and Bethesda Maryland home buying, real estate listings, and homes for sale in Montgomery County, MD

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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Melinda Estridge, REALTOR�, real estate agent and broker for Washington, DC, Chevy Chase and Bethesda Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Melinda Estridge
Long and Foster Realtors Bethesda
4650 East West Highway
Bethesda, MD. 20814
Phone: 301-215-6837
Fax: 301-951-7668
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