Mortgage Glossary – V
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 Loans
Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs designed to make housing affordable for eligible U.S. veterans.
Variable Rate Mortgage
See Adjustable Rate Mortgage.
Variable Rate
Interest rate that changes periodically in relation to a specific index.
Verification of Employment (VOE)
Document signed by the borrower’s employer verifying the borrower’s position and salary.
