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
V
|
VA guarantee |
An insurance contract for which the Veterans
Administration (VA) guarantees the lender's recovery of a designated percentage
of the loan amount from the insurer in the event that the borrower defaults on
the loan |
|
VA loan, or Government
mortgage |
A mortgage loan available to qualified military
veterans which is guaranteed by the Department of Veteran Affairs, usually
offering either no down payment or a low down payment |
|
Valuation |
The estimated of value of a
property |
|
Variable rate mortgage, or Adjusted rate
mortgage |
A mortgage with interest rates that may
fluctuate based on market conditions |
|
Verification of Deposit |
A statement signed by the borrower's financial
institution that verifies the current balances in the borrower's
accounts |
|
Verification of
Employment |
A statement signed by the borrower's employer
that verifies the borrower's current position and salary |
|
Vest |
To pass an immediate right on to a
person |
|
Vested |
Having the right to withdraw a percentage of a
fund before its agreed-upon maturity date; e.g., the percentage vested to
individuals with retirement funds differs; if someone is 80% vested, that means
they can only withdraw 80% of the funds set aside for them until its
maturity |
|
Department of Veterans Affairs
(VA) |
A federal agency that insures residential
mortgages made to eligible military veterans, which thereby encourages loans
being made to veterans |
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
Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
Where is the world's oldest hotel?
|
| A |
The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties. |
 See More Real Estate Trivia > |
|
|
Annette R. Wolf
RE/MAX 2000
11400 Rockville Pike, Suite 200
Bethesda, MD 20852
301-340-8946
Fax: 301-424-3690
annette@annettesellshomes.com
As one of America's #1 Real Estate Experts™ in the Potomac area Annette is well-equipped to handle all of your real estate needs. Annette is one of the top real estate professionals in the Washington Metropolitan area. She is licensed in Maryland and the District of Columbia and is a lifelong resident of the area. Her knowledge of the metro area, her negotiating skills and her commitment to provide the highest quality most professional service in the real estate industry have earned her a stellar reputation.
Contact her for assistance with all of your real estate needs.
www.AnnetteSellsHomes.com is brought to you by
Annette R. Wolf
NUMBER1EXPERT™ in real estate for
Potomac, Bethesda, Rockville and Gaithersburg, Maryland Read Annette R. Wolf's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
