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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.
Houghton Real Estate
 
  300 Hecla St - Laurium, MI 49913 - (906) 337-4444



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