A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

V

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

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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Real Estate Tips

First Time Buyers >The Rewards of Home Ownership

People buy a home for a lot of different reasons. They may want to put down roots in a community and create a sense of stability in their lives. Then there are the financial considerations and the "forced" savings that builds up in the form of equity. In addition, the monthly cost of owning a house is usually much more stable and predictable than renting.

If you are considering the possibility of purchasing a home, contact a knowledgeable real estate agent in your community. An important part of our job is to educate prospective buyers about the potential benefits and responsibilities of renting versus owning a home. We can help you determine your purchasing power and show you the best homes in your price range. We can also give you a side-by-side comparison of the costs of owning a home compared with what you pay for rent. When you fix up your home to suit your needs and taste, you benefit from the added value of the improvements instead of the landlord!

	See All Tips In The "First Time Buyers" Category >
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Real Estate Trivia

Q	What city boasts eight of the world's ten biggest hotels?
A	Las Vegas has eight of the largest resort hotels; the latest and most extravagant is the $2.7 billion, 2,716-room Wynn Las Vegas.
See More Real Estate Trivia >

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Pam & Barry's Team RE/MAX Professional Realtors 3908 NW Elm Ave. Lawton, OK. 73505 Office: 580-248-8800 Toll Free: 800-294-8118 Cell: 580-591-2900 Fax: 580-248-8818 Email: pammarion-homes@NUMBER1EXPERT.com homes@homes-lawton.com As two of America's NUMBER1EXPERTS™ in the Lawton / Ft. Sill area, Pam and Barry and their team are well equipped to guide you through all your real estate needs. Honesty, integrity, loyalty and professionalism are what makes them the TOP RANKED agents and team in the state of Oklahoma and the midhwest United States. Pam and Barry are both members of the RE/MAX Platinum Club and Hall of Fame members, and also are members of Who's Who Among American Business professionals. Pam and Barry have more training and experience than the average real estate agent, and don’t cost a penny more. In fact, their expertise may actually save you time and money when you're buying a home, and maximize your profit when you are selling one. Call or email them today!

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