Title Insurance Dictionary-Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

U

Underwriting
The decision whether to make a loan to a potential home buyer based on credit, employment, assets, and other factors and the matching of this risk to an appropriate rate and term or loan amount.

Up-Front Costs
The total amount of cash you need to pay when you buy a home, minus the amount of your loan. Up front costs include your down payment, any closing fees you must pay—like broker's commissions or insurance charges—and the discount points you can use to lower your overall interest rate.

Usury
Charging more than the maximum legally permitted rate of interest.