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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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Kristine Devine, CRS
Keller Williams Integrity First Realty
2500 S. Power Rd., Suite 121
Mesa, AZ 85209
Direct: (602) 920-7653
Fax: (480) 889-2123
Toll Free: (800) 595-2130
Kristine@DevineProperties.com
My mission is to Always Care. My vision is to be the Real Estate Team of Choice. Why should you choose Devine Properties? It is difficult to be the pitcher, outfielder, and baseman all at one time. A single agent just cannot field every hit. Whether buying or selling it is a complex process. When you select our group of Real Estate Specialists you are ensured the highest level of professionalism guiding you through every facet of your real estate transaction. Our consultative approach sets us apart from other agents. We do not simply "tell and sell." Our goal is to guide you in making highly effective and informed decisions every step of the way.    
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