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Real Estate Dictionary: Greater Hartford, West Hartford and Farmington Valley Connecticut home buying, real estate listings, and homes for sale in Hartford 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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Joanne Hoye and John Hoye, REALTORŽ, real estate agents and broker for Greater Hartford, West Hartford and Farmington Valley Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Joanne Hoye and John Hoye
Prudential Connecticut Realty
1000 Farmington Ave
West Hartford, CT 06107
(P): 860-561-8007
(F): 860-233-7313
(E) : jhoye@snet.net
JOANNE HOYE is a 4th Generation real estate professional in Greater Hartford Connecticut. She has 30+ years of experience in both buying and selling Real Estate. She works in all markets from starter homes to luxury properties and handles all phases of new construction and land development as well. In addition she markets antique properties! She is a Certified Residential Broker who is a consistent top producer. She has won the following awards multiple times: Prudentials #1 Outstanding Agent for Customer Service Award out of 2000 agents, Prudential Chairman's Club Awards, Pinnacle Performer Awards, and Top Producer Awards for Greater Hartford Connecticut placing her amoung the top 1% and 2% of agents nationwide. She provides excellent service and gets results for you.!.........JOHN HOYE is a 5th Generation real estate broker in Greater Hartford Connecticut, providing outstanding service dedicated to meeting your Real Estate needs. He has 9 years experience buying and selling Real Estate. He has won the following awards multiple times: Prudentials #1 Outstanding Agent for Customer Service Award out of 2000 agents, Prudential Chairman's Club Awards, Pinnacle Performer Awards, and Top Producer Awards for Greater Hartford Connecticut placing him amoung the top 1% and 2% of agents nationwide. Like Joanne he too works in all markets from starter homes to luxury properties. Prudential Connecticut Realty is an independently owned and operated member of The Prudential Real Estate Affiliates Inc., and Prudential is a service mark of The Prudential Insurance Company of America.

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