Las Vegas real estate home page
good faith estimate
|
An estimate from an institutional lender that shows the costs
a borrower will incur, including loan-processing charges and
inspection fees. |
Government National Mortgage Association (Ginnie Mae)
|
A government-owned corporation within the U.S. Department of
Housing and Urban Development (HUD). |
grace period
|
A period of time after the regular due date of a loan payment
during which a late payment penalty is not charged. |
graduated payment mortgage (GPM)
|
A type of flexible-payment mortgage where the payments
increase for a specified period of time and then level off. This
type of mortgage has negative amortization built into it. |
grant deed
|
One of the many types of deeds used to transfer real
property. Contains warranties against prior conveyances or
encumbrances. When title insurance is purchased, warranties in a
deed are of little practical significance. |
grantee
|
The person to whom an interest in real property is
conveyed. |
grantor
|
The person conveying an interest in real property. |
