Ginnie Maes


Definition of "Ginnie Maes"

Melody Smedick, Broker/Owner
Melody Smedick, Broker/Owner Preferred Real Estate Group

Debt securities sponsored by the Government National Mortgage Association (GNMA). The objective of the GNMA is to fund high-risk mortgages for high-risk borrowers, typically in areas approved for government construction projects that have no other funding sources. The government body also offers guarantees mortgages issued by others, such as commercial banks, mortgage banks, and insurers,

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Indirect Lighting

Form of lighting designed to have 90% to 100% of the emitted light directed upward so the principal illumination is reflected rather than direct. Indi ...

Reconciliation

In appraisal, the process of reconciling three major approaches-that is, the market comparison, cost, and income approaches-to arrive at an estimat ...

Installment Sales

A way to sell and finance property by which the seller keeps title but the buyer takes possession while installment payments are being made. The ga ...

Final Degree

A judgment of a court issued as a final order after hearing all the evidence and material directly related to some matter before its consideration. A ...

Betterment

Replacement of a major component of property by another component that will result in better performance capability. Increases overall efficiency of t ...

Recession

A lower phase of a business cycle in which the economy is deteriorating, coupled with a declining rate of business investment and consumer spending. ...

Popular Real Estate FAQ

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this r ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off of the loan in the event that you inherit a small f ...

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works for the best interests of the buyers, not the seller ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obligations. ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Finding Your Real Estate Niche: For Sale By Owner How Does The Home Loan Underwriting Process Work? How To Sell Your Home Large Real Estate Companies vs Individual Agents or Small Companies 3 Reasons Why Now Is The Perfect Time To Sell Your Home

FAQ

What if the computer I want to insure is homemade or custom-built? What are comparables or comps? I need Hospital Insurance in addition to my current health insurance policy? What is a front-end ratio? What is an assessed value?