 
 
 
 
 
 
|
Due dilligence
The mortgage definition for Due dilligence:
This is a process that will be undertaken by a mortgage lender to assure themselves that the risk of lending you the substantial amount of money required to purchase a house is minimised. Involves checking your personal details/ status and that of the property you wish to buy. The term is used in other industries to, to indicate a period of research, or checks to ensure the suitability of an undertaking of some sort.
Click to compare definitions of Due dilligence
Click to view definitions beginning du
|
|