Featured Listings
Experience the beauty of Newport from your front porch! 
Whether it’s the mountain view from the front deck, the experience of wildlife from your back patio, or the warmth and comfort inside, this home will make you feel good. Situated on a corner lot in the heart of town this home is worth a look! Read more... |
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138 S Perry St Spokane WA - Victorian Remodel 
Wonderful Victorian Renovation! With a list price below "six figures" this home could be considered "Legalized Theft" Read more... |
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Spokane Valley 60's Split Level Comes Alive 
Wonderful 1968 Split Level with all the modern conveniences of today. Featuring 4 bedrooms (2 masters) 3 baths, 2 car garage, RV parking and updates galore. With over 2,500 sq ft this home can accomodate you now and in the future. Worth a Look! Read more... |
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Real Estate Tools Real Estate Glossary
Real Estate Tools Real Estate Glossary
Real Estate Glossary | |
| Glossary of real estate terms | |
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| There are 13 entries in the glossary. | |
| Pages: 1 | |
| Term | Definition |
| VA (Veterans Administration) Loan | Loan guaranteed by the Veterans Administration. |
| VA loans | A loan that is guaranteed by the Veterans Administration. |
| VA Loans (Department of Veterans Affairs | The Veterans Administration is a federal government agency authorized to guarantee loans made to eligible veterans under certain conditions. To obtain more information, you can contact the U.S. Department of Veterans Affairs.The VA guarantee allows qualified veterans to buy a house costing up to $203,000 with no down payment. Moreover, the qualification guidelines for VA loans are more flexible than those for either the Federal Housing Administration (FHA) or conventional loans.If you are a qualified veteran, this can be an attractive mortgage program. To determine whether you are eligible, check with your nearest VA regional office. |
| VA Mortgage | A mortgage that is guaranteed by the Department of Veterans Affairs (VA). Also known as a government mortgage. |
| Vacancy | Loss Rent that is not collected due to turnover or sustained vacancy of a commercial space. |
| Valuable consideration | Consideration in the form of money, promises, or property. |
| Variable expenses | Costs, such as utilities, that vary with a building's occupancy rate. |
| Variable-Rate Mortgage (VRM) | A mortgage loan for which the interest varies according to an index. |
| Variance | The right to deviate from the use of land prescribed by an existing zoning ordinance. |
| Vendee | The buyer. |
| Vendor | The seller. |
| Verification | The process of making sure or verifying that all of a borrower's loan applica-tion information is accurate. |
| Vested | Having the right to use a portion of a fund such as an individual retirement fund. For example, individuals who are 100 percent vested can withdraw all of the funds that are set aside for them in a retirement fund. However, taxes may be due on any funds that are actually withdrawn. |
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| Glossary V2.0 | |
Contact John
John CreightonMBA, e-PRO, GRI
Spokane Real Estate Advisor
John L Scott Real Estate
Cell (509) 979-2535
Office (509) 924-4200
Fax (509) 924-4070
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