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(989) 733-6522
Serving Onaway, Cheboygan, Rogers City and Indian River
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Real Estate Glossary

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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.
P.O. Box 478, Junction M-68 & M-33, Onaway, 49765                 Phone: (989) 733-6522      Fax: (989) 733-2427
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