St Simons Island Real Estate | U Mortgage Terms

St. Simons Island Real Estate| U Mortgage Terms | Underwritin

U - Mortgage Terms

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Underwriting

In mortgage lending, the process of evaluating a loan application to determine the risk involved for the lender. Underwriting involves an analysis of the borrower's creditworthiness, ability to repay the loan, and the value of the property securing the loan.

Unsecured Loan

A loan that is not backed by collateral.

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Burton Real Estate & Development, Inc.
2215 Frederica Road - St. Simons Island, Georgia
Calvin Stephenson | Home Office: 706-543-0222 | Betty Ellis Cell: 912-223-5572