In real estate, the term underwriting is usually used in reference to underwriting a mortgage loan, specifically. Underwriting is the process a lender uses to determine if the risk associated with lending to a particular borrower is acceptable. Generally, loans are underwritten based on the borrower’s credit, the amount of debt they appear capable of taking on, and the value of the collateral on the loan.
The Gift of the 30-Year Mortgage
America’s unique consumer mortgage loans provide advantages over other countries. When it come to...
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