Dictionary - V

Mortgage terms and definitions for home buyers, home sellers, and real estate consumers. Use the links below to find the word you're looking for.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

VA Loan -
A government-backed mortgage loan supported by the US Veterans Administration.

Variable Rate Mortgage -
See Adjustable Rate Mortgage.

Verification of Deposit (VOD)-
Document signed by the borrower's bank or other financial institution verifying the borrower's account balance and history.

Verification of Employment (VOE)-
Document signed by the borrower's employer verifying the borrower's position and salary.

Vested -
Means that one has a right to use a portion of a fund, such as an individual's retirement fund.

 

 
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