Gable Roof – a triangular shaped roof with the ridges creating an angle at the top and the eaves creating an angle at the bottom.

Gain – an increase the value of a property.

Garden Apartments – a housing complex that contains a lawn area that all or some of the tenants can access.

General Contractor – a person who constructs a building, improvement, etc. for a property’s owner or developer.

General Lien – a lien that encompasses every property owned by the debtor instead of a single specific property.

General Warranty Deed – a deed in which the the grantee is protected by the grantor against any other claims against the property.

Gentrification – The phenomenon of higher income residents displacing lower income residents in a neighborhood.

Government 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). Contrast with conventional mortgage.

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 assumed responsibility for the special assistance loan program formerly administered by Fannie Mae. Popularly known as Ginnie Mae.

Graduated-Payment Mortgage(GPM) – A mortgage in which a borrower makes increasingly larger monthly payments over the loan term. For the first few years, the payment is very low, then rises gradually until the third or fifth year and remains constant thereafter.

Grantee -Â The person to whom an interest in real property is conveyed.

Grantor - The person conveying an interest in real property.

Gross Debt Service – the amount of money that is required to pay principal, interest and taxes. Also occasionally includes energy costs. If the unit is a condominium, all or part of the common fees are excluded, depending on which expenses are covered.

Gross Monthly Income – A person’s income before deducting taxes, saving plans, social security, etc.

Gross Rent Multiplier – Sales price of a property divided by the gross annual rental rate.

Ground Lease – A lease that rents only the land of a property.

Ground Rent – The amount of money that is paid for the use of land when title to a property is held as a leasehold estate rather than as a fee simple estate.

Group Home – A single-family residential structure designed or adapted for occupancy by unrelated developmentally disabled persons. The structure provides long-term housing and support services that are residential in nature.

Growing-Equity Mortgage (GEM) – A fixed-rate mortgage that provides scheduled payment increases over an established period of time, with the increased amount of the monthly payment applied directly toward reducing the remaining balance of the mortgage.

Guarantee Mortgage – A mortgage that is guaranteed by a third party.

Guaranteed Loan – Also known as a government mortgage.