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Real Estate Dictionary: Northville, Novi and Plymouth Michigan home buying, real estate listings, and homes for sale in Oakland County, MI

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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The Kekich Team, REALTORŽ, real estate agent and broker for Northville, Novi and Plymouth Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Leta and Brandon Kekich - The Kekich Team
Keller Williams Realty Northville Market Center
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With 90% of our clients coming from referrals or repeat business, the Kekich Team is not only one of Americas NUMBER1EXPERTS in the Northville, Novi, and Plymouth area, we are also among one of the most highly regarded and sought after realtors here. Many speak of our extraordinary knowledge of the neighborhoods, cutting-edge performance in both seller and buyer representation, and personalized marketing program. Others remark upon our professionalism, attention to detail, and consistent communication skills (including our newsletter). Many of our clients become personal friends. We are a family that works together as family to provide your family with a thoroughly enjoyable and successful transaction. Call or e-mail us today to put us to work for you.

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