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The Loan Process	Tips and Tricks	FAQs	Glossary

Glossary




		Vacation Home See second home.

		VA Loan Home loan guaranteed by the U.S. Veterans Administration, enabling a veteran to buy a home with no money down.

		Variable Rate Mortgage See Adjustable Rate Mortgage.

		Verification of Deposit (VOD) A document signed by the borrower's bank or other financial institution verifying the account balance and history.

		Verification of Employment A document signed by the borrower's employer verifying his/her starting date, job title, salary and probability of continued employment.