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Real Estate Dictionary: Salt Lake City, Draper and Sandy City Utah home buying, real estate listings, and homes for sale in Salt Lake County, UT

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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Margene and Ron Wrigley, REALTORŽ, real estate agents and broker for Salt Lake City, Draper and Sandy City Utah home listings, property and land for sale - NUMBER1EXPERT(tm)

Margene and Ron Wrigley
RE/MAX Associates
6629 South 1300 East
Salt Lake City, UT. 84121
801-557-0155
801-541-1121
ext 3306 or ext 3398: 800-827-7362
Fax: 801-365-3307
Email: margeneandron@NUMBER1EXPERT.com
When you entrust the Wrigleys to market your current home, or to buy a new one, YOUR GOALS BECOME OUR GOALS. We understand the importance of knowing your needs and wants, and over the years have been successful in exceeding our clients expectations with our service. Margene has obtained the CRS and GRI designations and is an Associate Broker. Ron has obtained the GRI designation. We have a combined 32 years of selling real estate in the Salt Lake, Sandy, Holladay, Draper, and surrounding areas.The Wrigleys have been a past judge for The Parade of Homes, Member of the Honor Society, Masters Status, and recipient of the Presidents Award, Excelling in Listing, Buyers, Relocation, and New Construction. CALL US FOR ALL YOUR REAL ESTATE NEEDS!

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