Flashcards in Vocabulary Letter G Deck (14):
one with a triangle, with the ridge forming an angle at the top and each eave forming an angle at the bottom.
an increase in money or property value.
a housing complex whereby some or all tenants have access to a lawn area.
one who constructs a building or other improvement for the owner or developer.
a lien that includes all of the property owned by the debtor, rather than a specific property.
General Warranty Deed
a deed in which the grantor agrees to protect the grantee against any other claim to title of the property.
the displacement of lower income residents by higher income residents in a neighborhood.
Graduated-Payment Mortgage (GPM)
A mortgage that requires a borrower to make larger monthly payments over the term of the loan. The payment is unusually low for the first few years but gradually rises until year three or five, then remains fixed.
the party to whom title to real property is conveyed.
the party who gives the deed.
Gross Debt Service
the amount of money needed to pay principal, interest and taxes, and sometimes energy costs. If the dwelling unit is a condominium, all or a portion of common fees are excluded, depending on what expenses are covered.
Gross Monthly Income
Income before deductions for taxes, social security, saving plans, court ordered child support, etc.
Gross Rent Multiplier
the sales price divided by the gross annual rental rate.