REAL ESTATE TERMINOLOGY GUIDE TO COMMUNICATE LIKE A PRO

Every industry has its own lingo.

Real estate terminology seems difficult because of all the financial and legal definiations but with Real Estate Investing Guru Review's list of real estate terminology, you'll be able to talk with the best investors.

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: This process is used to determine the approval status of a loan, it includes not just an evaluation of the buyers credit history and their ability to repay the mortgage but it also takes into consideration the property.

Uniform Residential Loan Application: This is an application for a basic mortgage that is required to be completed, it requires the borrowers income, assets, liabilities and a description of the property that the borrower is to be buying.

Unsecured Loan: This is a type of loan that is not backed by any form of collateral.



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