All agents are NOT alike! Find out why I am a top real estate expert. Call me: 773-883-5769.

Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >

"Dave provided us with Excellent Service"
"Dave provided us with excellent service - we especially appreciated how much he communicated with us about any prospective buyers"
Lisa and Larry, Lakeview
Read Quote >
View All Quotes >

Dave Nimick is one of The Top Selling Real Estate Experts™
Find Out More >

Real Estate Dictionary: Chicago, Lincoln Park, Lakeview and Bucktown Illinois home buying, real estate listings, and homes for sale in Cook County, IL

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

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.

Fill out the form below for a quick response from me by email. It's free, without obligation, and I guarantee your privacy.

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
I Guarantee Your Privacy >
Free & Without Obligation >

Inspectors
Coming Soon
Find Out More >
View All Affiliates >

Dave Nimick, REALTORŽ, real estate agent and broker for Chicago, Lincoln Park, Lakeview and Bucktown Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Dave Nimick, GRI
Keller Williams Lincoln Park Realty
2106 North Clark Street
Chicago, IL. 60614
Direct Line: 773-883-5769
Cell Phone: 773-620-4444
Fax: 773-549-2941
Email: Dave@davenimick.com
Dave is an established, top-notch Chicago realtor. By relying on his knowledge, experience, and effective communication skills, Dave's clients always feel at ease and are immediately comfortable with placing their trust in him. By consistently focusing on his client's best interests, Dave has enjoyed tremendous success in real estate. Dave considers himself fortunate to have had the chance to provide unsurpassed service, and his clients appreciate his responsive and unselfish approach. Whether working with buyers or sellers, Dave's NUMBER ONE goal is to go the extra mile to deliver outstanding results for his client. Dave utilizes cutting edge marketing and advertising techniques to help achieve superior results. Dave has a firm grasp on the most up-to-date technology involved in an ever-changing real estate market. Dave knows that the 21st Century real estate consumer is tech-savvy -- they want the most information in the least amount of time and want all their questions answered. For all your real estate needs, give Dave a call.

Keller Williams Lincoln Park Realty real estate and homes for sale in Chicago, Lincoln Park, Lakeview and Bucktown Illinois

www.davenimick.com is brought to you by Dave Nimick
NUMBER1EXPERT™ in real estate for Chicago, Lincoln Park, Lakeview and Bucktown, Illinois

Read My Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge