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WELCOME to this month's
real estate update. In this issue you'll find helpful tips
for the home owner. Whether you're ready to buy, sell, or
just need a few tips for around the house, it's all here.
Be sure to visit each month to
see new articles, and updates!QUESTIONS and answer database can help you get started.
VIEW
TERMS and
definitions database. VIEW
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REAL ESTATE TERMS DATABASE
Click on any letter to view terms, and definitions.
A
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N O P Q R S T U V W X Y Z
G
government mortgage: A mortgage that is insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA) or the Rural Housing Service (RHS). Contrast with conventional mortgage.
Government National Mortgage Association: A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created by Congress on September 1, 1968, GNMA assumed responsibility for the special assistance loan program formerly administered by Fannie Mae. Popularly known as Ginnie Mae.
grantee: The person to whom an interest in real property is conveyed.
grantor: The person conveying an interest in real property.
ground rent: The amount of money that is paid for the use of land when title to a property is held as a leasehold estate rather than as a fee simple estate.
group home: A single-family residential structure designed or adapted for occupancy by unrelated developmentally disabled persons. The structure provides long-term housing and support services that are residential in nature.
growing-equity mortgage (GEM): A fixed-rate mortgage that provides scheduled payment increases over an established period of time, with the increased amount of the monthly payment applied directly toward reducing the remaining balance of the mortgage.
guarantee mortgage: A mortgage that is guaranteed by a third party.
guaranteed loan: Also known as a government mortgage.
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