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

Real Estate Tips Cosmetic Improvements >The Sniff Test The sense of smell is a powerful motivator. When prospective buyers walk into a house, they respond more positively if they smell freshly baking oatmeal cookies instead of the lingering odor of a household pet. As the homeowner, you may not notice odors that visitors are aware of as soon as they walk in the door. When your house is for sale, ask a friend or neighbor to give it a "sniff test". If there are offensive odors in your home, how do you get rid of them? There are a few simple solutions--giving the floors and walls a good scrubbing, using the old vanilla-on-the-light-bulb trick, plugging in an essential oil diffuser and throwing out the dog's special chair. You can temporarily declare your home a "no smoking" zone. You may need professional help for cleaning carpets and drapes or deodorizing walls and wood floors. Your real estate agent will be able to provide you with a list of cleaning services which can assist you in making your home smell clean and fresh. See All Tips In The "Cosmetic Improvements" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  What kind of home construction is considered to be the safest in seismic areas? A  Straw-bale homes in seismic zones have proven resilient enough to withstand the shock of earthquakes. See More Real Estate Trivia >

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Nancy Watson Coldwell Banker Honig Bell 1957 DeKalb Avenue Sycamore, IL 60178 888-556-7653 Cell Phone:: 815-757-5470 Fax:: 815-756-6757 Email: nwatson@nancywatsonhomes.com Nancy Watson has been a realtor in DeKalb County for 36 years. She is a Graduate of the Realtors Institute of Illinois, and a Certified Residential Specialist. We are located approximately 60 miles west of Chicago. She can price your home in less than 24 hours. Relocation packages are available upon request. Nancy can show every listing in the community. Nancy is a member of Northern Illinois MLS. Let Nancy help you find your Dream Home Today! www.nancywatsonhomes.com is brought to you by Nancy Watson, real estate for DeKalb and Sycamore, Illinois Read Nancy Watson's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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