Fairway Asset Corporation - MORTGAGE DICTIONARY

Morgage Dictionary

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There are currently 4 names in this directory beginning with the letter V.
VA Loan
Loans guaranteed by the Veterans Administration offered to veterans and their families.

Variable Rate Mortgage
See 'Adjustable Rate Mortgage.'

Verification of Deposit (VOD)
A document signed by the borrower's financial institution verifying the current status of the borrower's financial accounts.

Verification of Employment (VOE)
A document signed by the borrower's employer (in many cases by the HR representative) verifying the borrower's position and salary.