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Washington Real Estate
Mortgage Services

Lindsey Martin Tel: 509-886-8888 Cell: 509-699-1022
Michael Chandler Tel: 509-670-1375
Jon Port Tel: 509-669-5400
1833 N. Wenatchee Ave Wenatchee, WA 98801 Jon Port Fax: 509.665.8888

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Loan Process Tips and Tricks Faqs Glossary

Glossary

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Underwriting
The decision whether to make a loan to a potential home buyer based on credit, income, employment history, assets, etc.
Undivided Interest
An ownership right to use and possess a property that is shared among co-owners, with no one co-owner having exclusive rights to any portion of the property.
Unincumbered Property
Real estate with free and clear title.
Unimproved Property
Land that has received no development.
Unrecorded Deed
A document that transfers title from the grantor to the grantee without recording (i.e. providing public notice).
Usury
Charging a rate of interest greater than that permitted by law.