Browsing Mortgage Glossary by V

"V" ordered veteran affairs and investment term definitions that you may have stumbled upon through prequalifying for a loan or observed in this directory.

VA (Department of Veterans Affairs)
A federal agency, which guarantees loans made to veterans; similar to mortgage insurance, a loan guarantee protects lenders against loss that may result from a borrower default.
VA Mortgage
A mortgage guaranteed by the Department of Veterans Affairs (VA).
Variable Expenses
Costs or payments that may vary from month to month, for example, gasoline or food.
A special exemption of a zoning law to allow the property to be used in a manner different from an existing law.
A point in time when you may withdraw funds from an investment account, such as a retirement account, without penalty.

"Single Family Buying Glossary." U.S. Department of Housing and Urban Development, n.d. Web. .