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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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Barry and Tammy Karch The Real Estate Power Houses 5823 N. Mesa #732 El Paso, TX. 79912 Barry- mobile phone: 915-549-4663 Tammy- mobile phone: 915-203-7963 Toll Free: 1-800-963-1909 Fax: 915-975-8148 Email: barrykarch@NUMBER1EXPERT.com
Barry & Tammy Karch specialize in residential real estate and investment properties in the greater El Paso, Texas area. With over 30 years combined experience, they are amongst El Paso's top Realtors. They provide caring, personal service and their goal is to make your transaction an enjoyable one.
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