G

Ginnie Mae
A government organization that administers mortgage-backed securities programs to channel new sources of funds into residential financing through the sale of privately issued securities.

Good Faith Estimate
A disclosure detailing the estimated closing/settlement costs.

Grantee
The party in a deed who is the buyer.

Grantor
The party in a deed who is the seller.

Gross Monthly Income
The total monthly income earned before deductions (taxes).

Group Mortgage Protection Insurance
Insurance that is paid by the borrower that includes mortgage life and/or mortgage disability coverage; pays the monthly mortgage payment or the unpaid balance of the mortgage in the event of a death or a disability of one of the borrowers.