 |
 |
Dear Sharon,
I want to compliment you and your staff for the wonderful treatment I received in the refinancing of my home. All of you were so kind...
|
|
 |
 |
 |
 |
 |
|
|
|
|
|
|
|
|
|
|
GLOSSARY 'V' |
|
|
1. |
VA Loan:
A long-term, low or no down payment loan guaranteed by the Department of Veterans Affairs. Restricted to individuals qualified by military service or other entitlements.
|
|
|
|
|
|
|
2. |
Vacancy Factor:
The percentage of gross rental income that represents vacant units.
|
|
|
|
|
|
|
3. |
Variable Interest Rate:
Also referred to as "flexible interest rate." An interest rate that fluctuates as the prevailing rate moves up or down.
|
|
|
|
|
|
|
4. |
Variable Rate Mortgage:
See Adjustable Rate Mortgage.
|
|
|
|
|
|
|
5. |
Verification of Deposit (VOD):
A form that requests and secures verifications of amounts on deposit at financial institutions.
|
|
|
|
|
|
|
6. |
Verification of Employment (VOE):
A form that requests and secures documentation of a mortgage applicants work history.
|
|
|
|
|
|
|
7. |
Veterans Administration (VA):
An independent agency of the federal government created by the Service Men's Readjustment Act of 1944 to administer a variety of benefit programs designated to facilitate the adjustment of returning veterans to civilian life.
|
|
 |
|
|
Equal Housing Lender. Casa Blanca Mortgage, Inc., DBA Shearson Mortgage. Some products may not be available in all states. ©2008 Shearson Mortgage. All rights reserved. |
|
