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General warranty deed |
A deed in which the grantor warrants title
against all claims, offering the greatest guarantee of protection of any type
of deed, and which is used in most real estate deed transfers of
title |
|
Ginnie Mae |
The Government National Mortgage Association
(GNMA), a United States corporation that guarantees privately issued securities
backed by pools of mortgages insured by the Federal Housing Administration, the
Farmers Home Administration, or the Veterans Administration |
|
Graduated-payment mortgage
(GPM) |
A flexible-payment mortgage with monthly
principal and interest payments that increase by a certain percentage each year
for a certain number of years, and then level off for the remainder of the
term |
|
Grantee |
The person who, by written document, receives
title or an interest in real property from a grantor |
|
Grantor |
The person who, by written document, transfers
title to or an interest in real property to a grantee |
|
Gross Lease |
The most common of residential leases, whereby
the landlord pays for all property expenses incurred through ownership, such as
taxes, insurance, repairs, etc. |
|
Ground Lease |
A long-term lease of land (usually 99 years)
that allows the lessee to build and use the land as agreed in the lease, at the
end of which, the land and any improvements revert to the owner |
|
Ground rent |
The payment made for the use of land when the
title to the property is of a leasehold estate, rather than as a fee simple
estate |
|
Growing-equity mortgage
(GEM) |
A fixed-rate loan for which the monthly payments
increase over a designated period of time, with the increased amount of the
monthly payment being applied directly to the principal balance, thereby
shortening the term of the loan |
|
Guarantee mortgage, or Insured
mortgage |
A mortgage that is guaranteed against default by
a third party (such as the FHA), and for which the borrower must pay an
insurance premium |
|
Guardian |
An individual designated by the Court to protect
and preserve the property of someone who is not able to manage his or her own
affairs
See "Conservator" |
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Did I Miss the Word YOU Are Looking For? Is there a real estate word that I failed to explain here in my dictionary for homebuyers and sellers? Let me be your personal real estate dictionary! I'll send a brief explanation of any word or term that you encounter when buying and selling property. Do you have a suggestion of a real estate word that should be included? Let me know! I always appreciate feedback. Do any of these definitions raise questions for you? Didn't find the word you're looking for? Let me know! I'm happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly...
| Q |
What is the average age range of a second-home buyer in the United States?
|
| A |
Currently, second-home buyers in America are most often between 41 and 44 years of age. |
 See More Real Estate Trivia > |
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Jody Sayler
Just Selling AZ
6499 S Kings Ranch Rd #3
Gold Canyon, AZ 85118
Office: 480-983-3606
FAX: 800-605-3858
Email: Jody@RealEstatewithJody.com
If you are considering buying or selling your home in the East Valley communities of Mesa, Apache Junction, Queen Creek, or Gold Canyon, call me for all your real estate needs. My goal is to help you sell or obtain your dream home nestled near the majestic Superstition Mountains. Call me to visit some of the most beautiful homes and views that southwest AZ has to offer - all within a 5-30 minute drive to some of the most exquisite golf courses that AZ has to offer, including Mountain Brook Golf Club, Gold Canyon Golf Resort, and Superstition Mountain Golf and Country Club 
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