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Real Estate Dictionary
Welcome > Resources > Real Estate Dictionary - A

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



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Real Estate Trivia
Q 
What five basic components of a "smart home" can be controlled by technology?

A 
Lighting and window treatments, security and access control, data communication, environmental/energy management, and audio/video entertainment can all be operated by a "smart home".
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Kathy Courtney Realty Group, REALTOR®, real estate agent and broker for Wellington, West Palm Beach and Royal Palm Beach, Florida home listings, property and land for sale

Kathy Courtney Realty Group
The Kathy Courtney Realty Group at Keller Williams

12008 South Shore Boulevard, Suite 101
Wellington, FL. 33414
Main Office: 561-798-1411
Toll Free: 866-798-4068
Fax: 561-472-1233
Email: kathycourtney@NUMBER1EXPERT.com

The Kathy Courtney Realty Group. We are building strong, life long relationships one client at a time. You can count on The Kathy Courtney Realty Group. Please visit us at our web site www.WestPalmRealEstate.com. Or call us at 561-798-1411.

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