Real Estate Glossary – V
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Many of the terms used during real estate transactions may be new or unfamiliar. WashMetroHomes.com has provided the real estate dictionary to assist you with better understating the terms of buying and selling real estate and the terms contained in real estate contracts and/or forms.
In light of this, WashMetroHomes.com is providing this real estate dictionary with many terms common with buying and selling real estate. Each real estate transaction is unique and the terms are all different. If you are unclear about any specific area or meaning in a real estate contract, see the help of a real estate professional such as a Realtor, Mortgage Specialist, or a competent and qualified Attorney.
Great care and research was undertaken to provide accurate definitions and explanations for the real estate terms and words in our real estate dictionary. No one real estate dictionary can be 100% accurate in all jurisdictions. The definitions provided by WashMetroHomes.com in the real estate dictionary are for general purposes only and should not be used for legal purposes. Jennifer V-E Johnson and WashMetroHomes.com disclaim any responsibility for any liability, risk or loss that may be incurred or claimed incurred as a consequence of using this information.
WashMetroHomes.com hopes you benefit from using our real estate dictionary. VA mortgage vested Department of Veterans Affairs (VA)
A mortgage that is guaranteed by the Department of Veterans Affairs (VA). Also known as a government mortgage.
Having the right to use a portion of a fund such as an individual retirement fund. For example, individuals who are 100 percent vested can withdraw all of the funds that are set aside for them in a retirement fund. However, taxes may be due on any funds that are actually withdrawn.
An agency of the federal government that guarantees residential mortgages made to eligible veterans of the military services. The guarantee protects the lender against loss and thus encourages lenders to make mortgages to veterans.
All information deemed reliable but not guaranteed. Limited consent to preprint or republish this report may be posted, reprinted, emailed or faxed as long as the copyright and credit reflect “Courtesy of Jennifer V-E Johnson and WashMetroHomes.com.”
Courtesy of Jennifer V-E Johnson, Reston Expert and www.WashMetroHomes.com
