Underwriting

Over 2200 Glossary Terms

Underwriting

The process by which the lender decides if they will lend money. This decision is based on the value of the property, the borrower's credit history and any other relevant factors. It is also used to mean the process of issuing insurance policies.

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Loan Type Today
30 yr fixed 4.94
15 yr fixed 4.38
5/1 ARM 3.79

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