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Glossary of Real Estate Terms

The language of real estate is like that of other industries. Some words and phrases may seem foreign, others are ones that you hear every day. Following is a glossary that hopefully will allow you to better understand the real estate transactions with which you are involved.

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
  1. Variable Interest Rate
  2. Veterans Administration (VA) Loans
  1. Variable Interest Rate

    Also called “flexible interest rate.” An interest rate that fluctuates as the prevailing rate moves up or down. In mortgages, there are usually maximums as to the frequency and amount of fluctuation.

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  2. Veterans Administration (VA) Loans

    Housing loans to veterans by banks, savings and loans, or other lenders that are guaranteed by the Veterans Administration, enabling veterans to buy a residence with little or no down payment.

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