"To whom it may concern: I heard about the program and called concerning foreclosed homes and received the package. I went to closing on the 21st of April 2008. I praise God for a quick turnaround. A pleased customer."

- Rose C.

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Glossary of Terms


We have compiled a list of the most common real estate terms and definitions to assist you in your search for a home. Whether you are a buyer or seller of real estate it is easy to get confused by the language used in real estate transactions. With our comprehensive real estate glossary you can easily navigate through the complicated world of buying and selling a home.

Click in the letter below to see the glossary

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G


Ginnie Mae
(Government National Mortgage Association) GNMA or "Ginnie Mae," is an agency within the US Department of Housing and Urban Development. A government-owned agency, it buys mortgages from lending institutions and pools them to form securities, which it then sells to investors.
graduated-payment mortgage
A loan in which the monthly principal and interest payments increase by a certain percentage each year for a certain number of years and then level off for the remaining loan term.
grantee
The person to whom an interest in real property is conveyed.
grantor
The person who conveys an interest in real estate by deed (the seller).