GIFT LETTER
Letter verifying that funds given to a borrower are a gift and need not be repaid. |
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GRADUATED PAYMENT MORTGAGE (GPM)
A mortgage that starts with low monthly payments that increase at a predetermined rate. |
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GRANTEE
The person to whom an interest in real property is conveyed. |
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GRANTOR
The person conveying an interest in real property. |
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GROSS INCOME
Total income before taxes or expenses are deducted. |
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GUARANTEE MORTGAGE
A mortgage that is guaranteed by a third party. |
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