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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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Martin Bouma Keller Williams Realty 564 South Main Street Ann Arbor, MI 48104 Office: 734-761-9666 Office: 734-761-3060 Toll Free: 877-761-3060 Fax: 734-761-1824 Email: MartinBouma@NUMBER1EXPERT.com
Martin Bouma has worked hard to become Keller Williams #1 agent in Washtenaw County and #11 in the nation. Because of his superior work ethic, dedication to his clients, and strong team to support him, Martin has developed a tremendous network of clients who appreciate true professionalism. His total commitment to service is second to none.
Along with over 22 years of experience in the real estate community, Martin Bouma offers his clients unique, cutting edge marketing strategies and expertise of the current marketplace. With over $50 million in sales in 2007, Martin and his team helped 210 families move into new homes.
Martin and his team are always available to provide service and guidance to his clients during the transaction and after the sale - whatever their particular real estate needs. When you are ready to buy or sell a home, call Martin Bouma, Washtenaw County's real estate professional.
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