Sign Up For My eNewsletter, FREE! There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Find Out More > View All Offers >
Excellent Service! "I have worn many hats and have worked with many persons in the real estate arena and none have compared with the service that I received from Miriam" C. Creek Kelsey, JD, MSLAttorney at Law Read Quote > View All Quotes >
Compare three mortgages at one time.
Download TripleCalc now. It's free.
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"
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...
Miriam Bernstein, ABR, CRS, GRI, ePro RE/MAX N.O. Properties 8001 Maple Street New Orleans, LA 70115 Direct: 877-881-0626 Cell: 504-908-2268 Fax: 914-290-4647 Email: miriam@miriambernstein.com
I have been a full time REALTOR for the past 18 years. I have continued my education and have earned the Certified Residential Specialist (CRS), Accredited Buyer's Representative (ABR), Senior Real Estate Specialist, Certified New Home Specialist, e-Pro Internet Specialist and the Graduate, Realtor Institute designations. I am a marketing specialist with a substantial internet presence. I also work as a Buyer's Agent. Give a call, no pressure, I promise.
www.MiriamBernstein.com is brought to you by
Miriam Bernstein NUMBER1EXPERT™ in real estate for
New Orleans, Metairie and Garden District, Louisiana
- NUMBER1EXPERT™ 
