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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 |
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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 |
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Valuation |
The estimated of value of a
property |
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Variable rate mortgage, or Adjusted rate
mortgage |
A mortgage with interest rates that may
fluctuate based on market conditions |
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Verification of Deposit |
A statement signed by the borrower's financial
institution that verifies the current balances in the borrower's
accounts |
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Verification of
Employment |
A statement signed by the borrower's employer
that verifies the borrower's current position and salary |
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Vest |
To pass an immediate right on to a
person |
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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 |
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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 |
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Did We Miss the Word YOU Are Looking For? Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'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 us know! We always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...
| Q |
What is the highest skyscraper hotel in the world?
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| A |
The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world. |
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The Realty Quest Team
Realty Quest
117 West Main
Rexburg, ID 83440
Phone : 208.356.8787
Toll Free: 888.212.5700
Fax : 208.356.8798
E-mail: Judy@JudyHobbs.com
As Owner/Broker and Listing Specialist, Judy has made real estate her
passion here in the Upper Valley since 1977. She has had the privilege of working for thousands of buyers and sellers in those years and is still excited every day about serving you. Judy continues to train, re-educate and explore all new tools to be certain you are being served with new technology, while knowing that our job is not houses or dirt - it is people. Client Centered Care is our focus.   
Judy Hobbs is CCIM Certified
www.JudyHobbs.com
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