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Real Estate Dictionary: El Paso, Anthony and Canutillo Texas home buying, real estate listings, and homes for sale in El Paso County, TX

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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Barry and Tammy Karch, REALTOR®, real estate agents and broker for El Paso, Anthony and Canutillo Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Barry and Tammy Karch
Prudential BKB Realtors
400 Shadow Mountain Drive
El Paso, TX. 79912
Barry- mobile phone: 915-549-4663
Tammy- mobile phone: 915-203-7963
Toll Free: 1-800-963-1909
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Email: barrykarch@NUMBER1EXPERT.com
Barry & Tammy Karch specialize in residential real estate and investment properties in the greater El Paso, Texas area. With over 30 years combined experience, they are amongst El Paso's top Realtors. They provide caring, personal service and their goal is to make your transaction an enjoyable one.

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