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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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Connie Jo Boyte Coastal Development and Realty 131 Ocean Blvd. West Holden Beach, NC. 28462 1-800-262-7820 910-842-4939 Fax: 910-842-9240 Email: connieboyte@NUMBER1EXPERT.com
From 1986 to the present I have worked on the island of Holden Beach, NC in the real estate market. I have a lot of enthusiasm for my business and have made some wonderful friends over the years. Second home investment is my speciality. Over the years many of my clients have bought, sold and bought on the island, again, enjoying the thrill of making money on their investment and at the same time having "their place at the beach". Won't you let me help you? 
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