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Real Estate Dictionary: Chicago, Lincoln Park, Lakeview and Bucktown Illinois home buying, real estate listings, and homes for sale in Cook                           County, IL
Welcome > Resources > Real Estate Dictionary - A

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



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The Nimick Team, REALTORŪ, real estate agent and broker for Chicago, Lincoln Park, Lakeview and Bucktown Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Nimick Team, GRI
Keller Williams Lincoln Park Realty

2106 North Clark Street
Chicago, IL. 60614
Direct Line: 773-883-5769
Cell Phone: 773-620-4444
Fax: 773-549-2941
Email: Dave@TheNimickTeam.com

Dave is an established, top-notch Chicago realtor. By relying on his knowledge, experience, and effective communication skills, Dave's clients always feel at ease and are immediately comfortable with placing their trust in him. By consistently focusing on his client's best interests, Dave has enjoyed tremendous success in real estate. Dave considers himself fortunate to have had the chance to provide unsurpassed service, and his clients appreciate his responsive and unselfish approach. Whether working with buyers or sellers, Dave's NUMBER ONE goal is to go the extra mile to deliver outstanding results for his client. Dave utilizes cutting edge marketing and advertising techniques to help achieve superior results. Dave has a firm grasp on the most up-to-date technology involved in an ever-changing real estate market. Dave knows that the 21st Century real estate consumer is tech-savvy -- they want the most information in the least amount of time and want all their questions answered. For all your real estate needs, give Dave a call.


Keller Williams Lincoln Park Realty real estate and homes for sale in Chicago, Lincoln Park, Lakeview and Bucktown Illinois

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