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Real Estate Dictionary: Westport, Weston and Fairfield Connecticut home buying, real estate listings, and homes for sale in Fairfield County, CT

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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Darcy Sledge, REALTORŽ, real estate agents and broker for Westport, Weston and Fairfield Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Darcy Sledge
Prudential Connecticut Realty
272 Post Road East
Westport, CT. 06880
Phone: 203-227-5117
Fax: 203-227-5619
Email: dsledge@prudentialct.com
Darcy Sledge brings the skills, background and expertise required in todays competitive real estate environment. Because she has extensive roots in Westport, Weston, Wilton, Fairfield, Southport and surrounding areas, she can make sure that her clients choose the right area for them. Darcy has held a senior position in the business world, bringing a high level of professionalism to her clients. Her experience is extensive, including recognition as among the top 3% of Agents nationally, and she has been recognized by Whos Who. Along with her staff, she makes full use of available technologies in all aspects of her work. Darcy's clients have consistently given her top ratings for unsurpassed service. Contact this award-winning Realtor for your real estate needs.

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