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Real Estate Dictionary: Harrisburg, Hershey and Lancaster Pennsylvania home buying, real estate listings, and homes for sale in Lancaster County, PA

Welcome > Resources > Real Estate Dictionary - A

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
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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1255 South Market Street, Suite 101
Elizabethtown, PA 17022
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John and his team of 13 professionals have been raising the standards for real estate sales in Central Pennsylvania for 24 years. Ranked #1 Top Producing Agent by Greater Harrisburg Board of Realtors 13 out of the last 14 years. With 250 home sales in 2006 with a sales volume of over $45 million, John has been recognized as one of the Top Real Estate Agents regionally and nationally. With strong family ties that include his wife, Eileen, of 32 years, and three sons, John is also committed to his community and his clients' real estate goals. Call or email John today and become a client for life!

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