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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 |
|
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 |
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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... 
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Larry Sanders
RE/MAX Platinum
735 E. Main
Tomball, TX 77375
Office: 281-351-8886
Mobile: 281-850-8750
Toll-free: 1-888-751-8886
Fax: 888-213-8104
Email: LarrySanders@TXPlatinumProperties.com
There is no place like “HOME”, and Texas has been home to me for 52 years.
I am an Owner/Agent for ReMax Platinum, in Tomball, and I truly believe if you are successful in your community, you must give something back.
Texas Youth has always been where my heart is.
For years I served as a chairman for the Jr. Quarter Horse Show at the Houston Livestock Show and Rodeo. This Organization awards thousands of scholarships to deserving Students to further their education.
Then I found the Children’s Miracle Network. This organization, Connected with Texas Children’s Hospital, aides seriously ill children. In the past I have served on a Panel with the 2001 Miss America, Katie Harmon, and still today I host fundraisers for this life giving organization.
In addition, I am a member of the Cade-Rothwell Masonic Lodge and the Knights Templar these organizations contribute to numerous beneficial programs.
I will use my strong sense of community, my knowledge and experience, to serve you, as you search for your “HOME”.    
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