Slot Machine Pay Off. Dear John, In reference to the reader's question about slot machines where you play for gold or silver tokens: In Las Vegas, many of the casinos have 25-cent slots that pay off a $10 jackpot with a $10 silver souvenir token. Caesar's Palace has higher denomination machines.
From Wikipedia, the free encyclopedia. Mortgage underwriting is the process a lender uses to determine if the risk (especially the risk that the borrower will default) of offering a mortgage loan to a particular borrower is acceptable.isks for the lender are of three forms: interest rate risk, default risk, and prepayment risk. There is a risk to the lender that the rate on an adjustable-rate mortgage may decrease. If this is not matched by correlated decreases in rates on the lender's liabilities, profits will suffer.
Last-minute spending and credit card accumulation can cause an underwriter to turn down your mortgage loan. Mortgage lenders use the underwriting process to determine whether applicants are likely to repay a debt. Underwriters review the four C's of an applicant's file: credit, cash, collateral and the capacity to repay. An underwriter turns down a loan when the applicant fails to meet one or more of the lender's guidelines for any of these categories.