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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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Wallace Thomas
Century 21 Carolina Realty
920 Bay Street
Beaufort, SC 29902
Mobile: 843-252-2126
Office: 843-521-2121
Toll-Free: 800-726-0021
Fax: 843-524-2353
Email: wallacethomas@NUMBER1EXPERT.com
For over thirty years, Wallace Thomas, a Beaufort native, has been helping families, military personal, and retirees with their real estate needs. You can trust Wallace! He knows the area, the people, and the real estate well. Contact him today!    
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