Call for the special buyer and seller rewards packages! The Burns Real Estate Group will help you achieve your real estate dreams! Call: 860-420-7089.

Get Free Presentation On Our Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >

Local Knowledge
"We would like to extend our greatest appreciation for your extraordinary efforts in selling our house in Storrs."
T. & K. Sawyer - Arnold, MD
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

Tom and Elaine Burns are some of The Top Selling Real Estate Experts™
Find Out More >

Real Estate Dictionary: Mansfield, Storrs, Coventry and Tolland Connecticut home buying, real estate listings, and homes for sale in Tolland County, CT

Welcome > Resources > Real Estate Dictionary - A

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

Did We Miss the Word YOU Are Looking For?

Is there a real estate word that we failed to explain here in our dictionary for homebuyers and sellers? Let us be your personal real estate dictionary! We'll send a brief explanation of any word or term that you encounter when buying and selling property.

Do you have a suggestion of a real estate word that should be included? Let us know! We always appreciate feedback.

Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let us know! We're happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
We Guarantee Your Privacy >
Free & Without Obligation >

See the nation's top rated reports for Schools in Mansfield, Storrs, Coventry and Tolland >

Coming Soon
Find Out More >

Tom and Elaine Burns, REALTORŽ, real estate agents and broker for Mansfield, Storrs, Coventry and Tolland Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

The Burns Real Estate Group
Keller Williams Realty
1066 Storrs Road, Suite B
Storrs, CT 06268
Phone #: 860-429-2853
Phone #: 860-420-7089
Phone #: 860-655-4688
Fax #: 860-812-2171
Email: info@BurnsTeam.net
As UConn and ECSU area real estate specialists, Lakefront Property specialists and 1st time home buyer experts, their number one priority is to help their clients succeed.

The Burns Real Estate Group is a member of the Connecticut Statewide Multiple Listing Service and their expertise extends to numerous communities including: Storrs, Mansfield, Tolland, Coventry, Glastonbury, Andover, Ashford, Columbia, Manchester, Vernon, Hampton, Hebron, Lebanon, Pomfret, South Windsor, Willington, Windham and Woodstock.

You can be assured that your privacy will be respected and your interests will be protected with this top team. With a lifetime of experience in the area they know the market well and take pride in the professionalism with which they serve their clients.

www.burnsteam.net is brought to you by Tom and Elaine Burns
NUMBER1EXPERTS™ in real estate for Mansfield, Storrs, Coventry and Tolland, Connecticut

Read our Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge