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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 
Where is the world's largest bridge located?

A 
Lake Pontchartrain Causeway at New Orleans, Louisiana is the world's largest bridge. It is almost 24 miles long.
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Portland Home Experts, REALTOR®, real estate agent and broker for Portland, SE Portland and NE Portland, Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Jennifer Venable
Portland Home Experts - John L Scott

1800 NW 167 Place
Suite #100
Beaverton, OR 97006
Jennifer Office: 503-645-7433 ext, 245
Jennifer's Cell: 503-889-6472
Client Relations Manager: 503-747-6408
Fax: 503-645-3049
Jennifer E-mail: jennifer@portlandhomeexperts.com
Client Relations E-mail: theexperts@portlandhomeexperts.com
Kelly Assistant E-mail: kelly@portlandhomeexperts.com

We can't wait to work with you! Whatever you need, we can help! Whether you're a first-time homebuyer or seasoned investor you will find your experience working with us a pleasure! Are you moving from out of the area? Whatever we can do to to make your transition to the Portland area smoother, you let us know! We can do a ton to make your life easier! New Construction? We have a wonderful builder who does amazing custom construction as you can see if you peruse through some of our listings. Are you an Investor???? ....we have a unique niche in helping people who are credit challenged but mortgage capable to get into their first or sometimes subsequent home through a lease option program we specialize in. Are you looking for a home with instant equity??? ...sometimes we can match you with one of our investors that purchase pre-foreclosure homes! They will sell to you at much better than market value. If you would like to know about these homes in advance please contact us. We would love to work with you and help you attain your real estate dreams! Please send us an email or phone call, we look forward to meeting you! Jennifer

Equal HousingREALTOR




    

    

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