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Best Nationwide Loans
19600 Fairchild Road, Suite 290
Irvine, CA 92612
Toll Free: 888-801-3000
Fax: 888-595-7274
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Loan Glossary U- Underwriting
The process of evaluating a loan application to
determine the risk involved for the lender. Underwriting involves an analysis
of the borrower's creditworthiness and the quality of the property itself.
- Unsecured loan
A loan that is not backed by
collateral.
- Up Front Costs
- These are costs or fees which are charged to the borrower at or before
closing of the mortgage loan, such as loan application fees, appraisal
fees, points, broker fees, credit report fees, real estate taxes, etc.
Up front costs can be paid in several ways: (1) they can be paid by the
borrower in cash; or (2) they can be added to the loan amount and
financed over the life of the mortgage.
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Today's Rate |
| 5.0% |
| * 5.372% APR. The displayed annual percentage rates (APRs) include total Points and additional prepaid finance charges but do not include other Closing Costs. On adjustable-rate loans, rates are subject to increase over the life of the Loan. |
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Loan Glossary 
