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Underwriting
The lender's process of deciding whether to make a loan to a potential
borrower based on credit, employment, assets and other factors,
and the matching of this risk to an appropriate rate, term and loan
amount.
Unsecured lines
of credit
Revolving line of credit that is not secured, typically accessed
with a check or credit card.
Upfront costs
The costs you must pay when applying for a loan. Typically these
include loan application fees. Some lenders require some of your
closing costs also be paid when you apply.
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