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 mortgage calculators > Mortgage Dictionary for words that start with letter G
Mortgage Dictionary for words that start with letter G
Search Results:
General Lien - A lien such as a tax lien or judgment lien, which attaches to all property of the debtor rather than the lien of, for example, a trust deed, which attaches only to a specific property.
General Warranty Deed - A deed which conveys not only all the grantor's interests in and title to the property to the grantee, but also warrants that if the title is defective or has a cloud on it (such as mortgage claims, tax liens, title claims, judgments, or mechanic's liens against it) the grantee may hold the grantor liable.
good faith estimate - An estimate of charges which a borrower is likely to incur in connection with a settlement.
Government National Mortgage Association (GNMA/Gin - A government owned agency that acts as a secondary market conduit for FHA and VA loans. GNMA guarantees the timely principal and interest payments to investors.
Grandfather Clause - The clause in a law permitting the continuation of a use, business, etc., which was permissible but because of a change in the law is now no longer permissible.
Grantee - The buyer, who receives a deed.
Grantor - The seller, who gives a deed.
Ground Rent - Rent paid for vacant land. If the property is improved, ground rent is the portion attributable to the land only.
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Search for any term related to mortgage calculators. Useful for students who are learning mortgage
and families who wants to acquire mortage. Just enter any mortgage term and click the
search button. You may see all the mortgage terms which starts with a specific letter.
Choose from drop down list and click search button to see results. If you enter
a mortgage term and choose a letter, it tries to find the term that starts with a letter
and contains the mortgage term.
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New And Improved Mortgage Dictionary
The search engine of our mortgage dictionary got an extreme makeover. We saw the need
as it fails to pick up the most accurate and relevant result. Now, the search results
show the most accurate and relevant terms for any search terms. We are also contemplating
to add more terms soon.
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Most Popular Searches In Our Mortgage Dictionary
Mortgagor and Mortgagee -
Mortgagor is also called the borrower or owner, while Mortgagee is also called the lender.
Face Value -
The borrower promises to the pay the original principal amount which is the face value of the mortgage.
First mortgage and Second mortgage -
The first mortgage refers to the current mortgage, while the second mortgage refers to the additional mortgage.
Fair Market Value -
It is the median price between the highest price acceptable to buyer and lowest price acceptable to seller.
Market Value -
It is the most likely price at which the property would sell.
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