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Real Estate Dictionary: Blacksburg and Christiansburg Virginia home buying, real estate listings, and homes for sale in Montgomery County, VA

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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Dana Orr, REALTORŽ, real estate agent and broker for Blacksburg and Christiansburg Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Dana Orr
Coldwell Banker Townside REALTORS
220 Professional Park Dr.
Blacksburg, VA. 24060
Office Direct: 540-961-8215
Home: 540-953-1714
Cell: 540-230-8786
Fax: 540-953-1714
Email: danaorr@NUMBER1EXPERT.com
I can make your move to our community a real pleasure - whether you are an investor, family or young professional! If you are a VA Tech parent looking to purchase student housing, call me for expert advice on how to get into a townhouse with a low down payment plus closing cost. If you are moving your family here, count on me to find you the perfect home and get you acquainted with the community. Besides selling real estate, I am a soccer mom extraordinaire! I have lived in the New River Valley for 25 years and raised a family here. Between real estate and soccer, I don't find much time to cook, so I can tell you all of the best restaurants in town and also help you find the right pediatricians, lawyers, day-care providers, teachers and orthodontists for your family!

"The data relating to real estate in this web site comes in part from the Broker Reciprocity/IDX (Internet Data Exchange) Program of the New River Valley Multiple Listing Service, Inc. Real estate listings held by brokerage forms other than Coldwell Banker Townside REALTORS are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker."

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