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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 |
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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 |
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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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| Q |
Why is the Terra Amata site in Nice, France famous?
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| A |
Remains of 21 huts found in 1965 are thought to be the oldest known habitation from the Acheulian culture 400,000 years ago.
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Barbara Zorn
Prudential Star Real Estate
1733 North Atlantic Avenue
Cocoa Beach, FL 32931
Office: 321-799-0300
Fax: 321-868-5566
Barbara@SoldByBarbara.com
Barbara Zorn is in the top 1% of all agents in the United States for Sales Success. In one year she sold 172 properties. "It takes attention to detail and great support behind the scenes to give the best in service, I couldn't be as good as I am if it wasn't for systems and customer care coordinators who work with my clients to insure they are receiving the best at all times" says Barbara.
Barbara has a Masters Degree from the University of Central Florida where she majored in Marketing and Finance. David, her husband, is constantly adding new computer programs that enhance Barbara's career. In their spare time Barbara and David enjoy watching their daughter, Samantha, play soccer.
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