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Real Estate Dictionary: Metropolitan/Greater Seattle, Queen Anne/Magnolia, Fremont/Wallingford and Ballard/Green Lake Washington home buying, real estate listings, and homes for sale in King County, WA

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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Ricklie Stone, REALTORŽ, real estate agent and broker for Metropolitan/Greater Seattle, Queen Anne/Magnolia, Fremont/Wallingford and Ballard/Green Lake Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

Ricklie Stone, Realtor, CRS, ABR, EcoBroker
Coldwell Banker Bain Associates
1200 Westlake Avenue N, Suite 406
Seattle, WA 98109
Phone: 206.216.3445
Toll Free: 888.283.2221 ext 1245
Fax: 206.284.6317
Email: Ricklie@StickwithStone.com
Real estate is my full-time business and my passion. I am deeply committed to serving your needs -- focusing on your goals, explaining your options, and providing you with the information you need to make informed decisions. My goal is your total satisfaction, your referrals, and your repeat business. My clients get the results they need AND we have fun in the process of buying and selling their home! That's what I strive for in every real estate transaction I'm involved in. Whether you're planning on buying, selling, or you just have a question, feel free to call the Realtor you'll want to stick with, Ricklie Stone. From the Mountains to the Sound, "Stick with Stone" for all your real estate needs. You'll be glad you did.

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