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Real Estate Dictionary: Lake Hartwell, Lake Keowee and Anderson South Carolina home buying, real estate listings, and homes for sale in Anderson County, SC

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

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Greg O'Leary, Mr. Lake 1, REALTORŽ, real estate agent and broker for Lake Hartwell, Lake Keowee and Anderson South Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Greg O'Leary, "Mr. Lake 1"
RE/MAX Foothills Realty
4022 Clemson Blvd
Anderson, SC. 29621
864-933-4648
864-933-4623
864-231-8306
Fax: 864-224-9970
Toll Free #: 1-888-687-5665 ext 138
Email: mrlake1@NUMBER1EXPERT.com
Greg's thorough knowledge of Lake Hartwell and Greater Anderson's real estate market coupled with integrity, enthusiasm, and a willingness from experience to understand buyers' and sellers' needs, has allowed Greg to help hundreds of relocating and local clients. 90% of his clientele come from existing and repeat clients, which has distinguished Greg with several awards, including, #1 with the Anderson Association of Realtors and the Carolinas Top 20 RE/MAX Award and a member of the RE/Max Hall of Fame. He has expanded to the Mr Lake 1 Group which includes his wife Evelyn. The Mr Lake 1 Group prides itself in being a totally comprehensive team, committed to serving their clients' varied needs. Whether your needs are lake property, farmland, acreage, residential or commercial property, Greg can be of help.

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