| |
|
|
VA loans
A program that allows most veterans to purchase a house without
a down payment.
apply for
a VA loan |
| |
|
| |
Vacancy and credit losses
Income lost due to vacancies and/or tenants defaulting on
lease payments. |
| |
|
| |
Value / price
What a buyer will pay for a property. Net income or cash return,
divided by a capitalization rate. |
| |
|
| |
Variable interest rate
A loan rate that moves up and down based on factors including
changes in the rate paid on bank certificates of deposit or
Treasury bills. |
| |
|
| |
Variable rate
An interest rate that changes with fluctuations in such indexes
as the U.S. Treasury bill index. |
| |
|
| |
Variable rate mortgage
A loan with an interest rate that hinges on factors such as
the rate paid on bank certificates and Treasury bills. |
| |
|
| |
Vaulted ceiling
An elongated half-cylinder that arches above the floor. |
| |
|
| |
Verification of deposit
Part of the loan process, in which a lender will ask a borrower's
bank to sign a statement verifying the borrower's account
balances and history. |
| |
|
| |
Verification of employment
Part of the loan process, in which a lender asks the borrower's
employer for confirmation of the borrower's position and salary. |
| |
|
| |
Vestibule
A small entrance hall or room. |
| |
|
| |
Veterans Administration (VA)
The U.S. Department of Veterans Affairs operates a variety
of programs to help veterans. One of the key plans it oversees
is the VA loan program, which allows most veterans to purchase
a house without a down payment | website |
| |
|
| |
Victorian style
An architectural style that dates from the mid-19th century. |
| |
|
| |
Vinyl-clad windows
Wood windows sheathed in vinyl on the outside. |
| |
|
| |
Voluntary lien
A lien that a homeowner willingly gives to a lender. |
| |
|
| |
back to top |
| |
|
