- Fully Amortized MortgageA mortgage in which the monthly payments are designed to retire the obligation at the end of the mortgage term. Read More
- Fully Indexed Accrual RateThe actual loan interest rate applicable to adjustable rate loans. The index rate prevailing on a residential mortgage loan at the time the loan(...) Read More
- FurredA wall, ceiling, or floor prepared with the use of strips of wood or metal to provide a level substratum for plaster, flooring, or another(...) Read More
- Furring StripsStrips of wood, often 1 X 2 and used to shim out and provide a level fastening surface for a wall or ceiling. Read More
- FuseA device that regulates the current of electricity. A fuse, typically found in older homes, will break and interrupt the circuit when the(...) Read More
- GableThe end, upper, triangular area of a home, beneath the roof. Read More
- Gable RoofA pitched roof terminating in a gable at one or both ends. Read More
- Gallons Per FlushA measure that describes the water consumption for toilets. Read More
- GalvanizedAn outer covering of zinc that protects against rusting. Read More
- Gambrel RoofA gable roof where two roof pitches are used on either side of the triangular shape. The upper section toward the ridge is generally not as(...) Read More
- Gang Nail PlateA steel plate attached to both sides at each joint of a truss. Sometimes called a fishplate or gussett. Read More
- Garden Apartment BuildingsApartment buildings typically no more than four stories high, with multiple apartments per story, and landscaped grounds surrounding them. Each(...) Read More
- Gas LateralThe trench or area in the yard where the gas line service is located, or the work of installing the gas service to a home. Read More
- Gate ValveA valve that lets you completely stop-but not modulate-the flow within a pipe. Read More
- Gate-ValveA valve that lets you adjust the flow of water to any rate between fully on and fully off. Read More
- General ContractorPrimary contractor responsible for the oversight of a construction site, management of vendors, subcontractors and trades, and the communication(...) Read More
- General PartnershipsA co-owned business, with more than one owner, that has not filed papers to become a corporation or LLC. Even if you haven’t filed papers, there(...) Read More
- General WarrantyA warranty provision in a deed or mortgage or other real estate instrument containing all of the common law items of warranty. Read More
- GeneratorA machine which converts mechanical energy into electrical energy. Read More
- Gift LetterA letter that a family member writes verifying that s/he has given you a certain amount of money as a gift and that you don’t have to repay it.(...) Read More
- Ginnie MaeCommonly used to refer to the Government National Mortgage Association, a government-owned corporation within the U.S. Department of Housing and(...) Read More
- GirderA large or principal beam of wood or steel used to support concentrated loads at isolated points along its length. Read More
- Girder TrussA truss that supports other trusses that are perpendicular to it. Read More
- GlazingThe process of installing glass, which commonly is secured with glazier's points and glazing compound. Read More
- Globe ValveA valve that lets you adjust the flow of water to any rate between fully on and fully off. Read More
- GlossDescribes the finish, or shine, of paint. There are several levels of gloss, including flat, velvet, eggshell, low luster, semi-gloss, and high(...) Read More
- Gloss EnamelA finishing paint material. Forms a hard coating with maximum smoothness of surface and dries to a sheen or luster (gloss) Read More
- Glued Laminated BeamOr "Glulam". A structural beam composed of wood laminations or lams. The lams are pressure bonded with adhesives to attain a typical thickness(...) Read More
- Good Faith DepositMonetary deposit typically made by the homebuyer when they enter into a contract with the seller. The deposit usually will not be refunded to(...) Read More
- Good Faith EstimateWritten estimate of the settlement costs the borrower will likely have to pay at closing. Under the Real Estate Settlement Procedures Act(...) Read More
- Government MortgageA mortgage loan that is insured or guaranteed by a federal government entity such as the Federal Housing Administration (FHA), the U.S.(...) Read More
- Government National Mortgage AssociationCommonly refderred to as Ginnie Mae, a government-owned corporation within the U.S. Department of Housing and Urban Development (HUD) that(...) Read More
- Grace PeriodPeriod of time during which a loan payment may be made after its due date without incurring a late penalty. The grace period is specified as(...) Read More
- GradeGrade refers to the level of the ground. A basement is usually considered below grade. Read More
- Grade BeamA foundation wall that is poured @ level with or just below the grade of theearth. An example is the area where the 8' or 16' overhead garage(...) Read More
- Graduated Payment MortgageA fixed-rate, fixed-schedule loan. It starts with lower payments than a level payment loan; payments rise annually, with the entire increase(...) Read More
- GrainThe direction, size, arrangement, appearance, or quality of the fibers in wood. Read More
- GrainingTo create the appearance of wood grain on a surface through specialized painting techniques, staining, or specially prepared paint colors. Read More
- Green BuildingA building designed to reduce or eliminate negative impacts on our climate and environment. Read More
- GridThe completed assembly of main and cross tees in a suspended ceiling system before the ceiling panels are installed. Also the decorative slats(...) Read More