Real Estate terms starting with V

17 terms

  1. VA (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…
  2. VA (Veterans Affairs, U.S. Department of) A federal government agency that provides benefits to veterans and their dependents, including health care, educational assistance, financial assistance…
  3. VA Guaranteed Loan A mortgage loan that is guaranteed by the U.S. Department of Veterans Affairs (VA).
  4. VA loan See: Veterans Administration.
  5. VA Mortgage A mortgage guaranteed by the Department of Veterans Affairs (VA).
  6. VA mortgage loan A form of mortgage insurance. Housing loans to veterans by banks, savings and loans, or other lenders are guaranteed by the U.S.
  7. Validity Edits The specified data are reported incorrectly and must be corrected. The most common example is incorrect census tracts.
  8. Variable Expenses Costs or payments that may vary from month to month, for example, gasoline or food.
  9. Variable interest rate An amount of compensation to a lender rate that is allowed to vary over the maturity of a loan. The amount of variation is generally governed by an index.
  10. Variable maturity mortgage A long-term mortgage loan under which the interest rate may be adjusted periodically.
  11. Variable payment plan Any mortgage repayment schedule that provides for periodic change in the amount of monthly payments.
  12. Variable rate mortgage (VRM) See: adjustable rate mortgage.
  13. Variance A special exemption of a zoning law to allow the property to be used in a manner different from an existing law.
  14. Vested A point in time when you may withdraw funds from an investment account, such as a retirement account, without penalty.
  15. Veterans Administration (VA) The federal agency responsible for the VA loan guaranty program as well as other services for eligible veterans.
  16. Volute A carved spiral form in classical architecture; often used in pairs as in the capitals of Ionic columns.
  17. Voussoir A wedge-shaped component of an arch.