You've probably heard some real estate terms and are wondering what in the world they mean. Use this glossary to look them up! If you are wondering what a word or phrase means and I don't have it in the glossary, please send me an email asking!

Gable Roof
A ridged roof that forms a triangle at each end.

Gambrel Roof
A roof with two slopes, often seen on barns.

Gift
A cash gift a buyer receives from a relative or other source. Lenders usually require a "gift letter" stating that the money will not have to be repaid.

Good-faith Estimate
An estimate from an institutional lender that shows the costs a borrower will incur, including loan-processing charges and inspection fees.

GPM (graduated-payment mortgage)
A mortgage that requires a borrower to make larger monthly payments over the term of the loan. The payment is unusually low for the first few years but gradually rises until year three or five, then remains fixed.

Grantee
A person to whom an interest in a piece of property is conveyed.

Grantor
The person who conveys an interest in a piece of property to another person.