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.