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18141 Town Center Drive
Olney, MD. 20832
301-943-8612
301-774-2958
301-681-0555, Ext 141
Fax: 301-924-4387

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Real Estate Dictionary: Montgomery County, Rockville, and Clarksburg Maryland home buying, real estate listings, and homes for sale in Montgomery County, MD

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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Merry Sloane and her Weichart Team, REALTORŽ, real estate agents and broker for Montgomery County, Rockville, and Clarksburg Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Merry Sloane and the Weichert Team
Weichert Realtors
18141 Town Center Drive
Olney, MD. 20832
301-943-8612
301-774-2958
301-681-0555, Ext 141
Fax: 301-924-4387
Email: merrysloane@NUMBER1EXPERT.com
Merry Sloane is always one step ahead in today's real estate market in Montgomery County, MD & surrounding counties. Her dedication, enthusiasm, and knowledge of the marketplace will make the process of selling and/or buying a pleasure for you. Merry has over 22 years of professional experience and delivers outstanding results due to her proactive nature and fresh approach to marketing, including significant use of the Internet and other state of the art tools. Her success is also tied to the fact that she loves her job and puts her client's satisfaction first. Merry has gained a large number of satisfied clients and referrals which, after all, is the ultimate evaluation of Merry's success at providing the best service, getting the best price, and making sure her clients are happy overall. Merry's results have been recognized professionally as well. Merry is a Top Producing Agent in the Olney Office and has received continual recognition of her efforts in the Gazette & Washington Post. Her accolades and awards include: exclusive membership in the Weichert Chairman's Club, a top designation at Weichert, and numerous High Achievement Awards from the Greater Capital Area Association of Realtors. Whether you are buying or selling, let Merry Sloane work exclusively for you. Merry Sloane wants more than anything else to be YOUR realtor - now and in the future!

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