We decided to start our introduction to real estate slang with a concept that conveys our goal and end result. We want to make each of our clients a bomb - an enthusiastic and inspired market player who understands his goals, is aware of possible obstacles and knows the methods of achieving the desired results. To do this, we do not just help you buy, sell, remove, surrender for rent and even manage square meters, but we also expand your knowledge about these processes. Slang, as one of the components of modern language, has not bypassed our activities, so in order to understand with developers, realtors and partners, we suggest you to recognize new words and actively use them.
Today we will study the word "underwriting".
❝Underwriting is the lender's analysis of the borrower's capabilities and reliability. ❞
Any financial institution that provides for registration, credit, mortgage or installments. , would not be successful if it blindly believed the promises of each of its customers. When it comes to money matters, everything goes to a new level of seriousness. To check the client's solvency and make sure that the loan will be repaid on time, it is necessary to analyze his activity in a specially established manner. As a rule, we are talking about a person's income and his credit history, property that can act as collateral or guarantor of the bank's security is also taken into account. After a scrupulous study of all details, the institution reserves the right to refuse the loan.
Example of use:
— Hello, how are you doing with the purchase of an apartment? 👋
— Excellent, I just applied for a mortgage and I'm waiting for the end of the underwriting 😁
The environment is the equator of the week and time to disperse. Set yourself a reminder every Wednesday of the month and year so you don't miss a single short slang lesson from a leading real estate agency 😉
