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Real Estate Dictionary: Crosslake, Brainerd Lakes Area and Whitefish Chain of Lakes Minnesota home buying, real estate listings, and homes for sale in Crow Wing County, MN

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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The Pederson Team
The Real Estate Company of Crosslake, LLC
PO Box 345 / 35548 Co. Rd. 66
Crosslake, Minnesota, 56442
Toll Free 877-692-LAKE (5
218-692-LAKE (5253)
218-692-5252
Fax 218-692-5252
pedersonteam@NUMBER1EXPERT.com
We are #1 with our clients and our clients are #1 with us! Our TEAM of nine professionals has over 80 years combined experience helping buyers and sellers make their Real Estate dreams a reality. Our TEAM members are the BEST in the industry! We are all committed to providing you with outstanding service and exceeding your expectations, and which is the cornerstone of our success. Whether you are buying or selling, our knowledge of the market, our experience, and our state of the art technology ensure positive results! THE PEDERSON TEAM strives to have a profound and positive impact on the lives of others through integrity and competence in the course of all our real estate business.

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