Mortgage Glossary
© Copyright Mark DeBruyn-Smith
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UNDERWRITER:
A person who reviews and evaluates an application for a loan or insurance policy.
UNDERWRITING:
The decision as to whether or not to accept a loan or insurance application.
UNSECURED LOAN:
A loan in air, with no asset pledged as collateral or security for it.
USURY:
The illegal act of charging extremely high interest rates on a loan.
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©Copyright 1999 - 2008. Mark DeBruyn-Smith.
Mark & Vivian DeBruyn-Smith, Sales Representatives
RE/MAX Escarpment Realty Inc., Brokerage
905.570.2500 Direct / 905.525.2720 Office / 905.667.1710 Fax
119-50 Dundurn St. S., Hamilton ON. CA., L8P 4W3
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The REAL ESTATE, MORTGAGE AND CONSTRUCTION GLOSSARY'S found on this Site are compilations of terms commonly used in the real estate, mortgage and construction industries. This publication has been created to provide general overview information with regard to
these industries, and while generic, this information may not be applicable to all juristictions. It is provided with the understanding that the publisher is not engaged in the rendering of legal, mortgage or any other professional advice or services. If legal advice or other
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