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

About Appraisals >Refinancing Your Home

Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.

You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.

	See All Tips In The "About Appraisals" Category >
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Real Estate Trivia

Q	What did 75% of 10,000 buyers surveyed by the NAR list as their top reasons for selecting a Real Estate Professional?
A	Knowledge of the housing market, knowledge of real estate practices and financing, and familiarity with neighborhoods.
See More Real Estate Trivia >

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Alicia and Chris Demarest Lindsey & Associates 1200 E. Joyce Fayetteville AR, 72703 Alicia: 479-236-0396 Chris: 479-236-0395 Fax: 479-527-8719 Text: 479-236-0395 Email: Chris@ChrisDemarest.com Email: Alicia@AliciaDemarest.com Chris & Alicia Demarest are top licensed Realtors in Northwest Arkansas. Their years of experience in customer service and construction have helped them develop a UNIQUE system for Real Estate service. If you are ready for a different approach to your Real Estate Needs contact them today. www.aliciademarest.com is brought to you by Alicia and Chris Demarest, real estate for Springdale, Rogers and Bentonville, Arkansas Read Chris and Alicia Demarest's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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