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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
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.
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Linda Dale RE/MAX Action Realty - License number AB061668L 1126 Horsham Road Maple Glen, PA 19002 Direct: 215.646.3954 Office: 215.358.1100 Cell: 215.327.9759 Fax: 215.646.2684 Email: Linda@lindadale.com
Linda has been serving buyers and sellers of real estate for over 25 years. She enjoys the thrill of finding that first home for first-timers, and Linda also enjoys finding that "dream" home for move-up buyers. On a personal note, Linda is an avid golfer, with first-hand knowledge of this areas residential golf communities and courses. Linda's
experience will save you time and money.
Linda is ranked in the top 1% of all agents throughout the US. She also is licensed as an Associate Broker in the state of PA, with
credentials including an ABR (Accredited Buyer Representative), CLHMS (Certified Luxury HOme Marketing Specialist), CRS (Certified Residential Specialist), and a GRI (Graduate, Realtors Institute). Linda is a Temple Graduate with a business degree, specializing in Finance and Economics.
Maple Glen, PA
215.358.1100
You can find
great local
Horsham, Pennsylvania real estate information on
Localism.com Linda Dale is a proud member of the ActiveRain Real Estate
Network, a free online community to help real estate professionals grow their
business.
www.LindaDale.com is brought to you by
Linda Dale NUMBER1EXPERT™ in real estate for
Horsham, Upper Dublin, Doylestown and Blue Bell, Pennsylvania, golf communities and luxury properties
- NUMBER1EXPERT™ 
