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Real Estate Dictionary: Portland, Beaverton and Hillsboro Oregon home buying, real estate listings, and homes for sale in Multnomah County, OR

Welcome > Resources > Real Estate Dictionary - A

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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The Sherry Francis Group
Keller Williams Realty Professionals
9755 SW Barnes Road, Suite 560
Portland, OR. 97225
Direct: 503-336-6010
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Email: sherryrltr@aol.com
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Sherry's dedication to superior service has made her one of the top-producing Realtors in Portland. Her warm, enthusiastic, people-oriented approach and unparalleled service has resulted in lasting friendships, repeat customers and personal referrals. She has helped well over 1,500 families market or purchase the perfect home. That's over $400,000,000 in property SOLD! To insure you receive the service and communication you deserve, Sherry has put together a team of professionals to make sure each step of the transaction runs smoothly and efficiently. Just call or email to get started with the best!

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