REAL ESTATE TERMS - G
Gentrification: The process of rehabilitation and renewal that occurs in an urban area as the demographic changes. Rents and property values increase, culture changes and lower-income residents are often displaced.
Ginnie Mae: Government National Mortgage Association (GNMA); a government-owned corporation overseen by the U.S. Department of Housing and Urban Development, Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment; as With Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent to eligible borrowers by lenders. A government-owned corporation overseen by the U.S. Department of Housing and Urban Development, Ginnie Mae pools FHA-insured and VA-guaranteed loans to back securities for private investment. Like Fannie Mae and Freddie Mac, the investment income provides funding that may then be lent to eligible borrowers by lenders. Ginnie Mae stands for Government National Mortgage Association (GNMA).
Global Debt Facility: designed to allow investors all over the world to purchase debt (loans) of U.S. dollar and foreign currency through a variety of clearing systems.
Good Faith Estimate: an estimate of all closing fees including pre-paid and escrow items as well as lender charges; must be given to the borrower within three days after submission of a loan application. A no-obligation document prepared by a lender and given to a mortgage applicant. It estimates the approximate payments that will be due upon closing.
GSE: abbreviation for government sponsored enterprises: a collection of financial services corporations formed by the United States Congress to reduce interest rates for farmers and homeowners. Examples include Fannie Mae and Freddie Mac.
Graduated Payment Mortgages: mortgages that begin with lower monthly payments that get slowly larger over a period of years, eventually reaching a fixed level and remaining there for the life of the loan. Graduated payment loans may be good if you expect your annual income to increase.
Grantee: an individual to whom an interest in real property is conveyed. A person who receives a conveyance of real property from the grantor.
Gramtomg Clause: Words in a deed of conveyance that state the grantor's intention to convey the property at the present time.
Grantor: an individual conveying an interest in real property. The person transferring title to or an interest in real property to a grantee.
Gross Income: money earned before taxes and other deductions. Sometimes it may include income from self-employment, rental property, alimony, child support, public assistance payments, and retirement benefits.
Guaranteed Replacement Coverage: Homeowners insurance that covers what it would cost to replace property based on today’s prices, not original purchase price, should damage occur.
Guaranty Fee: payment to FannieMae from a lender for the assurance of timely principal and interest payments to MBS (Mortgage Backed Security) security holders.
Testimonials
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Karla was very informative and proactive in helping me sell my home. She was able to guide us in getting our home on and off the market in a short time and I was very satisfied with the end result.
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- AJ Jones
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From the first contact, Karla was the most responsive, professional and courteous agent for our search. A great listener, she immediately understood our needs and provided pro active services that led to a well focused selection of properties and a quick closing. We found a great property and Karla was very helpful throughout every stage of the process, paperwork etc...Her social & professional skills make her a delight to deal with, in stark contrast with many amateur agents that we got to meet before her. Anyone, including her own current employer, is lucky to have her and I would highly recommend her over anybody else, she is a rare gem in this bizarre South Florida real estate world. I have no doubt that one day, she will end up running her own business very successfully.
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- Doug M.
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Karla is a caring, knowledgeable, proactive individual who gets it right all the time. I enjoyed working with her and would recommend her all the time.
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- Mel B
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Data Last Updated: September 16, 2026 12:27 PM UTC
Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by Florida Keys MLS, Inc. on September 16, 2026 12:07 PM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
