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Real Estate Dictionary: South County, Westerly, Narragansett, and Charlestown Rhode Island home buying, real estate listings, and homes for sale in Kent County, RI

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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Donna Sormanti-Saglio, REALTORŽ, real estate agent and broker for South County, Westerly, Narragansett, and Charlestown Rhode Island home listings, property and land for sale - NUMBER1EXPERT(tm)

Donna Sormanti-Saglio
RE/MAX Coast and Country
530 Stonington Rd. Ste. 101
Stonington
Connecticut 06378
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Donna Sormanti-Saglio is Your Online Connection to Rhode Island, Florida and Southeastern Connecticut Real Estate! Donna's southern Rhode Island market area, also known as "South County", is a region of quaint towns and seaside villages rich in both Colonial flavor and Victorian elegance. If your dream is to buy your first home or the land to build it on, a luxury waterfront property or an entire sub-division, Donna will help you make your real estate dream a reality. Donna's "Pledge of Quality Service" has earned her the trust and confidence of many satisfied buyers and sellers. She has helped her clients achieve successful results by implementing the newest advances in technology, and quickly responding to the changing conditions in the marketplace. Donna has been a full-time REALTOR professional since 1986 and a RE/MAX multi-million dollar producer. If you are looking for an innovative and experienced professional to represent you in all your real estate transactions, Donna is the only realtor you will ever need. Call or email Donna today, you will be glad you did!

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