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Real Estate Dictionary: West Austin, Southwest Austin and Lakeway Texas home buying, real estate listings, and homes for sale in Travis County, TX

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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Linda Bishop and The Bishop Team, REALTORŽ, real estate agents and broker for West Austin, Southwest Austin and Lakeway Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Linda Bishop and The Bishop Team
Keller Williams Realty
1801 S. Mopac Expy, Suite 100
Austin, TX. 78746
Phone: 512-794-6655
Fax: 512-329-9288
Email: thebishopteam@NUMBER1EXPERT.com
After working in Real Estate for several years, Bart Harris joined me to form "The Bishop Team". Since that time, we have added a Office/Marketing Manager (Matt Harris), Contract Manager (Margaret Denson), Investment Coordinator/Realtor (Patricia Galvan), Client Care Coordinator (Rebekah Strachn)& Investment/Buyer Specialist (Scott Mays) who bring over 20 years of combined experience. Our Buyer's Specialist's (Troy Cramer, Denise May & Angie Young) round out the group. Becoming a grandmother over was decidedly one of my greatest achievements, but only served to fuel my passion for searching and finding the perfect home for my clients and their families. We cherish our clients because not only do they become our friends, they represent success in our professional life as well. We are humbled and greatly appreciate the opportunity to have you join this great group of people whom I have come to consider "My Team".

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