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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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Jim Brennan
John L Scott
510 NE 3rd St.
Bend, OR 97701
Direct : 541-322-1226
Office: 541-317-0123
Fax: 541-317-1009
Cell: 541-480-7296
Email: JimBrennan@JohnLScott.com
Jim Brennan's high energy level and equally high level of service will efficiently and satisfactorily meet your specific needs. He always has the time and patience to let you make decisions based on your urgency, not his.   
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