· 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.