Mandeville and Covington real estate and homes for sale in Louisiana - Stevie Mack, REALTOR® Stevie Mack REALTOR(r) for Mandeville and Covington, Louisiana real estate - NUMBER1EXPERT™ Stevie Mack NUMBER1EXPERT(tm) for Mandeville and Covington, Louisiana real estate
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Real Estate Dictionary: Mandeville and Covington Louisiana home buying, real estate listings, and homes for sale in St. Tammany                    County, LA
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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Stevie Mack, REALTOR®, real estate agent and broker for Mandeville and Covington Louisiana home listings, property and land for sale - NUMBER1EXPERT(tm)

Stevie Mack
ERA Stirling Properties

1321 W. Causeway Approach
Mandeville, LA. 70471
Main Phone: 985-630-1934
985-630-9101
Fax: 985-626-4112
Email: StevieMack@stirlingprop.com

WATERFRONT & LUXURY PROPERTY SPECIALIST Stevie's tremendous success in residential real estate is the result of a true enthusiam and caring for people and their needs. The results are impressive for this professional. ** Over 25 years as a top realtor ** More than $200 Million sold over the last decade ** #1 in Residential Sales on New Orleans North Shore (St. Tammany Parish) in each of last 6 years ** Number 8 nationally within ERA (out of over 25,000 agents) Her personalized style has resulted in many clients becoming lifelong friends and an impressive list of repeat and referral clients. As a northshore native, Stevie's knowledge of the homes and communities of this area is unparalleled. This includes a specialized knowledge of WATERFRONT and ESTATE PROPERTIES. ERA ® is a licensed trademark of ERA Franchise Systems. An Equal Opportunity Company. Equal Housing Opportunity. Each office is independently owned and operated. All information is subject to verification and is not guaranteed. ERA Stirling Properties, Inc. is a licensed real estate brokerage firm in Louisiana ERA Stirling Properties, Inc., 1321 W. Causeway Approach, Mandeville, LA 70471, USA Main 985-626-5687, era@erastirling.com


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