Arizona Real Estate
Mortgage Professional

Fidel Manzano 10000 N 31st Ste. A103 Phoenix, AZ 85051 Profusion Real Estate Off.: 602.499.3143 Off.2: 602.795.8538 Cell: 602.499.3143 Fax: 602.795.8539

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The Loan Process Tips and Tricks FAQs Glossary

Glossary

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Underwriting
The decision whether to make a loan to a potential home buyer based on credit, income, employment history, assets, etc.
Undivided Interest
An ownership right to use and possess a property that is shared among co-owners, with no one co-owner having exclusive rights to any portion of the property.
Unincumbered Property
Real estate with free and clear title.
Unimproved Property
Land that has received no development.
Unrecorded Deed
A document that transfers title from the grantor to the grantee without recording (i.e. providing public notice).
Usury
Charging a rate of interest greater than that permitted by law.