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Bettina Rizzo Tel: 203-223-6351 Max Dominguez Tel: 203-223-3684 296 Bedford St Stamford, CT 06901 Century 21 Roman Realty Tango Team Cell: 203-223-3684/203-2236351 Fax: 1-866-873-4637

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The Loan Process Tips and Tricks FAQs Glossary

Glossary

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General Warranty Deed
A deed in which the grantor (seller) agrees to the protect the grantee (buyer) against any other claim to title of the property. See also warranty deed.
Government National Mortgage Association (GNMA, Ginnie Mae)
A government agency part of HUD that buys VA and FHA loans from lenders, securitizes them and sells Ginnie Mae securities to investors.
Grantee
That party in the deed who is the buyer or recipient.
Grantor
That party who is the seller or the giver.
Graduated Payment Mortgage (GPM)
A mortgage that has lower payments initially (with potential negative amortization) which increase each year until the loan is fully amortized.
Grandfather Clause
The clause in a law permitting the continuation of a use, business, etc., which was permissible but because of a change in the law is now no longer permissible.