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- Gable A triangular wall enclosed by the sloping ends of a
ridged roof or a triangular decorative feature.
- Gable roof A ridged roof that forms a triangle at each end.
- Gag rules A provision in contracts signed by new buyers that
prohibits the owners from publicizing complaints about the builder.
- Gambrel roof A roof with two slopes, often seen on barns.
- General contractor The person who hires all of the
subcontractors and suppliers for a project.
- General plan A government's long-range land-use plan.
- Georgian style Popular throughout the 18th century, this type
of architecture is distinguished by a symmetrical facade, prominent front
entrance and quoins-decorative blocks of masonry or wood set in the
corners of the house.
- Geodesic dome A structure constructed of lightweight bars
forming a grid of polygons.
- 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.
- Gingerbread decoration An intricate, almost lacy, wood trim.
- Girders Crossbeams that support floor joists.
- Good-faith estimate An estimate from an institutional lender
that shows the costs a borrower will incur, including loan-processing
charges and inspection fees.
- Government National Mortgage Association Commonly known as
Ginnie Mae, this agency buys home loans from lenders, pools them with
other loans and sells shares to investors. Ginnie Mae differs from its
cousins, Fannie Mae and Freddie Mac, in that it only purchases loans
backed by the federal government.
- Grace period A specified amount of time to make a loan
payment after its due date without penalty.
- Grade The elevation of land above level ground.
- Graduated-payment mortgage (GPM) 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.
- Grade level The flat or sloping surface upon which a house is
built.
- Granny flat Slang term for a separate unit in a house or
above the garage, which in the past may have been occupied by an elderly
relative.
- Grantee A person conveyed an interest in a piece of property.
- Grantor The person who conveys an interest in a piece of
property to another person.
- Greek Revival style A style introduced in the U.S. at the end
of the 18th century. Its most prominent feature is a pillar-anchored
pediment forming a portico in the front of the house.
- Greenbelt Any stretch of park, open space or other natural
setting in a community.
- Gross income The total income of a household before taxes or
expenses are subtracted.
- Ground fault circuit interrupter Devices that detect leakage
of electrical current to the ground and prevent accidental shock.
- Ground rent The amount of money paid for the use of a piece
of property when it is a leasehold estate.
- Group home A single-family residence used as a living space
for unrelated, developmentally disabled or mentally disabled people.
- Growing-equity mortgage A fixed rate mortgage that increases
payments over a specific period of time. The extra funds are applied to
the principal.
- Guarantee mortgage A loan guaranteed by a third party, such
as a government institution.
- Gutters Horizontal channels installed at the edge of a roof
to carry rainwater or melted snow away from the house.
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