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News about Mortgages:
Alan Bebout - Boothbay RegisterHome sales in the southern midcoast area are down a bit, with sales in Bath down by 50%. But Arrowsic home sales this year are 50% above average, with Southport and Georgetown also seeing dramatic increases. Wiscasset, Westport Island and Dresden ...
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Today's Mortgage Terms starting with U
Underwriting: It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.
URLA: Uniform residential loan application.
Usury: Interest charged in excess of the legal rate as established by law.
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