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Mortgage and Real Estate GlossaryReal Estate Definitions and Terms: VOffers a Mortgage and Real Estate glossary for real estate and mortgage terms and definitions for home buyers, home sellers, and real estate consumers. Find expanded definitions of important real estate and mortgage home loan terms.
Please select the first letter of the mortgage or real estate word you are looking for and then scroll the listing below to find that word. Definitions and Terms: VVA - Department of Veterans Affairs: a federal agency which guarantees loans made to veterans; similar to mortgage insurance, a loan guarantee protects lenders against loss that may result from a borrower default. VA Loan - A government-backed mortgage loan supported by the US Veterans Administration. Variable Rate - Interest rate that changes periodically in relation to a specific index. Variable Rate Mortgage - See Adjustable Rate Mortgage. 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. |
Real Estate Glossary
There are hundreds of real estate terms that have specific
meanings. This glossary is designed to provide consumers an overview of the most
important real-estate and mortgage-related terms and their meaning.
The real estate glossary demystifies real estate jargon, from "11th District Cost of Funds" to "Zoning Variance."
Refine Your Loan Search
Financial decisions such as refinancing a home or getting a new home mortgage are particularly stressful for many people and the range of services being offered can be confusing.
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