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Real Estate Dictionary: Lancaster, Lampeter-Strasburg and Lititz Pennsylvania home buying, real estate listings, and homes for sale in Lancaster County, PA

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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Lancaster, PA 17601
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Tim Shreiner, Joel Leaman, and The Shreiner Group are dedicated to helping each client accomplish their real estate dreams by serving them with the highest level of integrity, honesty, respect, and professionalism. Their commitment is to Go the Extra Mile for each client and become their Real Estate Team for life. Tim Shreiner and Joel Leaman have developed a team of trained real estate professionals to serve all of their clients' real estate needs. They specialize in selling residential, investment, land, and commercial real estate in Lancaster County, Pennsylvania. The Shreiner Groups FREE moving truck is just one of the many value-added services offered to their clients. CONTACT THE SHREINER GROUP TODAY FOR ALL YOUR REAL ESTATE NEEDS!!