Real estate services not bound together, but purchase transaction at a time. …
Underlayment
A layer of wood between the subfloor and the floor. …
Underwriters’ Knot
An Underwriters' Knot, also known as an Electrician's Knot, is a type of knot used primarily in electrical wiring. It is designed to prevent the wires from being pulled out of their fittings or …
Treasury Bills
Securities issued by the Treasury Department that have the full backing of the U.S. government. …
Underwriting
The process in which lenders evaluate the risks posed by a particular borrower and set appropriate conditions for the loan. The assessment of loan applications based on: the value of real property, …
Total Paid at Closing
All closing costs, prepaid fees, and the down payment. The lender may require you to demonstrate extra cash reserves equal to two months' worth of housing expenses as well. …