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Gable roof

A ridged roof that forms a triangle at each end.

Gag rule
A provision in a legal contract signed by home buyers that prohibits the publicizing of complaints about the builder.

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

A missing document that raises doubt as to the true owner of the property.

General contractor
The person who hires all of the subcontractors and suppliers for a construction job.

Georgian style
Architecture distinguished by a symmetrical facade, a prominent front entrance and quoins (decorative blocks of masonry or wood set in the corners of the house).

Funds a buyer receives from a relative or other source.  Mortgage lenders usually require a gift letter from the giver of this "gift money" stating that the money does not have to be repaid.

Gingerbread decoration
An intricate, almost lacy, wood trim.

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.

Crossbeams that support floor joists.

A window that has been fitted with a glass pane. "Double glazed" refers to a window with double panes.

Glazier's point
A small pointed metal clip that helps hold a pane of glass in a window frame.

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 clause in CC&R's, which provides that, "a violation thereof shall not defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value."

A person who buys or lends in good faith, that is, without notice of any existing problem, where value is paid or lent.

Government National Mortgage Association (GNMA)
This government agency buys home loans from lenders, pools them with other loans and sells shares to investors.  However, unlike Fannie Mae and Freddie Mac, Ginnie Mae only purchases loans backed by the federal government.  (Commonly known as Ginnie Mae)

Grace period
A specified amount of time in which a borrower may make a loan payment after its due date without penalty.

The elevation of land above level ground.

Grade level
The flat or sloping surface upon which a house is built.

Graduate RealtorĀ® Institute (GRI)
A designation issued by the National Association of Realtors (NAR) to members who meet specific performance and education requirements for residential real estate sales.

Graduated Payment Mortgage
A mortgage that requires a borrower to make larger monthly payments over the term of the loan.  Payments are lower for the first few years but gradually rise until year three or five, when payments become fixed.

Granny flat
Refers to a separate unit in a house or above the garage which may have been occupied by an elderly relative in the past.

A transfer of real estate between individuals by deed. A transfer of real estate from a sovereign is accomplished by patent or royal decree.

One of the many types of deeds used to transfer real property. Contains warranties against prior conveyances or encumbrances. When title insurance is purchased, warranties in a deed are of little practical significance.

See "Deed"

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

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

Any stretch of park, open space or other natural setting in a community.

Gross income
The total household income before taxes or expenses are subtracted.

Ground fault circuit interrupter
A device that detects leakage of electrical current to the ground and prevents accidental shock.

Ground rent
The amount of money paid for the use of a piece of property that is a leasehold estate.

Group home
A single family residence used as a living space for unrelated people who require special care or supervision.

A type of mortar used to fill areas between tiles, stone or marble.

Growing-equity mortgage
A fixed rate mortgage that increases payments over a specific period of time. The extra funds are applied to the principal.

A person appointed by a court to manage the person and/or property of one who is legally incompetent to handle his/her own affairs.

Horizontal channels installed at the edge of a roof to carry rainwater or melted snow away from the house.

A cable that guides or holds something, such as an antenna.