Bear Island Land Co., Inc.

~Your Recreational Real Estate Professionals~

Dictionary of Terms

~G~

 

General Warranty Deed
See Warranty Deed.
Ginnie Mae
See Government National Mortgage Association.
Government National Mortgage Association (GNMA)
Also known as "Ginnie Mae", provides sources of funds for residential mortgages, insured or guaranteed by FHA or VA.
Grantee
A person to whom real estate is conveyed; the buyer.
Grantor
A person who conveys real estate; the seller.
Gross Monthly Income
The total amount the borrower earns per month, before any expenses are deducted.
Guaranty
A promise by one party to pay a debt or perform an obligation contracted by another if the original party fails to pay or perform according to a contract.

 

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Ely, Minnesota's most experienced Realtors, serving Buyers and Sellers in the Ely, MN area since 1995.