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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
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Susan Spica Prudential Lake Ozark Realty 3570 Hwy 54, Suite 101 Osage Beach, MO. 65065 Toll: (800) 787-1614 Office: (573) 365-6868 Mobile: (573) 280-0484 Fax: (573) 365-3711 Email: susanspica@NUMBER1EXPERT.com
Experienced: Over 25 years combined years of Selling Lake of the Ozarks.
Respected: By Clients, competing agents and the community.
Trusted: The team you can count on when buying or selling property at Lake of the Ozarks, Osage Beach, Porto Cima, The Villages,
Laurie, Eldon and Camdenton.
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Lake Ozark, Four Seasons and Osage Beach, Missouri, waterfront, condos