Gage (Open-End):
A mortgage with a provision that permits borrowing additional money in the future without refinancing the loan or paying additional finance charges. Provisions usually limit borrowing to no more than would raise the balance to the original loan amount.

General Email:
Electronic communication to send and receive email using the World Wide Web, Internet or through an organization’s intranet or extranet service.

General Warranty Deed:
A deed in which the grantor fully warrants that title is free from defects, or does not have a cloud on title. See Cloud On Title. Commonly used in most real estate deed transfers because it offers the greatest protection of any deed.

Good Faith Estimate:
Lender disclosure of credit terms and costs associated with a mortgage.

Grantee:
A person who receives a conveyance of real property from a grantor.

Grantor:
The person transferring title to, or an interest in, real property to a grantee.

Definitions are intended to be informational only. Please be advised that real estate practices vary from state to state and market to market. The information contained herein does not constitute legal advice. It is recommended that you consult with a qualified real estate attorney who can advise you specifically with respect to the requirements in your market.