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Kay Townend, REALTOR®, real estate agent and broker for Northwest Houston, Cypress and Spring Texas home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Dictionary: Northwest Houston, Cypress and Spring Texas home buying, real estate listings, and homes for sale in Harris County, TX
Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

V

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

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



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Kay Townend, REALTOR®, real estate agent and broker for Northwest Houston, Cypress and Spring Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Kay Townend
RE/MAX Suburban N.W.

11550 Louetta Road, Suite 1200
Houston, TX. 77070
Main office: 281-376-9900 Ext. 111
800-260-9240 Ext. 111
Fax: 281-320-5830
Direct office: 281-205-1888
Email: Kay@KayTownend.com

Kay Townend brings a wealth of experience with her, having practiced real estate in Houston since 1980 and been a Top Producer every year in listing and selling residential real estate. Kay lists and brings buyers for over one hundred and twenty homes each year in your area. When you hire Kay Townend, you get the benefit of her twenty five plus years of experience. To paraphrase past clients: "Kay Townend knows what she is doing, she loves what she is doing and she believes in what she is doing." Call or email her today!


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