gable
A triangular wall enclosed by the sloping ends of a ridged roof or a triangular decorative feature.
gable decoration
A triangular filigree or panel fitted into the rake end of a gable roof.
gable roof
A ridged roof that forms a triangle at each end.
gag rule
A provision in contracts signed by new buyers that prohibits the owners from publicizing complaints about the builder.
galvanized iron
Steel or sheet steel (usually not iron) coated with zinc.
Zinc coated pipe for water flow. Gas pipe is black.
gambrel roof
A roof with two slopes, often seen on barns.
gap
A defect in the chain of title; a missing document that raises doubt as to the true owner of the property.
gas main
The community pipe that supplies gas to individual units for heating, air conditioning and cooking.
gas meter
A measuring and recording device for gas used in your home.
gas valve
A small faucet-like device that controls the flow of gas to an appliance such as a gas water heater, dryer, or oven. When the handle is turned in line with the gas pipe, the valve is open; when it is perpendicular to the pipe, it's closed.
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.
general-purpose circuit
An electric circuit that supplies a number of outlets for lighting or appliances.
geodesic dome
A structure constructed of lightweight bars forming a grid of polygons.
Georgian style
Popular throughout the 18th century, this type of architecture is distinguished by a symmetrical façade, a prominent front entrance, and quoins (decorative blocks of masonry or wood set in the corners of the house).
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.
glazed
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
Written estimate of the settlement costs the borrower will likely have to pay at closing. Under the Real Estate Settlement Procedures Act (RESPA), the lender is required to provide this disclosure to the borrower within three days of receiving a loan application.
government loan (mortgage)
A mortgage that is insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA) or the Rural Housing Service (RHS). Mortgages that are not government loans are classified as conventional loans.
Government National Mortgage Association (Ginnie Mae)
A government-owned corporation within the U.S. Department of Housing and Urban Development (HUD). Created by Congress on September 1, 1968, GNMA performs the same role as Fannie Mae and Freddie Mac in providing funds to lenders for making home loans. The difference is that Ginnie Mae provides funds for government loans (FHA and VA).
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.
Grace Period
Period 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 part of the terms of the loan in the Note.
grade
The elevation of land above level ground.
grade level
The flat or sloping surface upon which a house is built.
grade line
The point at which the ground rests against the foundation wall.
grading
Modification of the ground surface by cuts, fills or both.
Graduate Realtor® 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.
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
The person to whom an interest in real property is conveyed.
grantor
The person conveying an interest in real property.
Greek Revival style
A style introduced in the United States 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
Total income before taxes or expenses are deducted.
ground fault circuit interrupter
A device that detects leakage of electrical current to the ground and prevents accidental shock.
ground line
In building construction, the ground or natural grade line from which measurements for excavating are taken.
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.
grout
A type of mortar used to fill areas between tiles, stone, or marble.
grout joint
An even spacing between tiles that is filled with grout.
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.
guaranteed sales program
A real estate brokerage program to purchase the seller's equity if the property does not sell during a predetermined period of time.
gutters
Horizontal channels installed at the edge of a roof to carry rainwater or melted snow away from the house.
guy
A cable that guides or holds something, such as an antenna.
Gypsum wallboard
G.W.B. A prefabricated sheet used in drywall construction as a substitute for plaster; made of gypsum covered with paper which can be painted, textured or wallpapered.
