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An insurance contract for which the Veterans
Administration (VA) guarantees the lender's recovery of a designated percentage
of the loan amount from the insurer in the event that the borrower defaults on
the loan
VA loan, or Government
mortgage
A mortgage loan available to qualified military
veterans which is guaranteed by the Department of Veteran Affairs, usually
offering either no down payment or a low down payment
Valuation
The estimated of value of a
property
Variable rate mortgage, or Adjusted rate
mortgage
A mortgage with interest rates that may
fluctuate based on market conditions
Verification of Deposit
A statement signed by the borrower's financial
institution that verifies the current balances in the borrower's
accounts
Verification of
Employment
A statement signed by the borrower's employer
that verifies the borrower's current position and salary
Vest
To pass an immediate right on to a
person
Vested
Having the right to withdraw a percentage of a
fund before its agreed-upon maturity date; e.g., the percentage vested to
individuals with retirement funds differs; if someone is 80% vested, that means
they can only withdraw 80% of the funds set aside for them until its
maturity
Department of Veterans Affairs
(VA)
A federal agency that insures residential
mortgages made to eligible military veterans, which thereby encourages loans
being made to veterans
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Looking for a little personality in real estate? We put the FUN back into a serious business!
With our combined 20+ years of experience in customer service and construction management, you won't find more skilled representation. We specialize in residential real estate, and have expertise in waterfront properties, raw acreage and investment opportunities.
No one knows the North Austin, Cedar Park, Leander and Lake Travis, Texas areas better. CALL US TO TOUR LAKEFRONT PROPERTIES BY BOAT!
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Mick Hooper is a Licensed Real Estate Broker in the State of Texas. Dr. Tracy Angelocci is a licensed Realtor in the state of Texas.
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