Glossary of terms used on this site
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| Term | Definition |
|---|---|
| VA Loan |
A loan that is guaranteed by the Department of Veterans Affairs available for qualified military and ex-military personnel.
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| Vacancy Rate |
The percentage of all units or space that is unoccupied or not rented.
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| Valuation |
The process of determining the value of an asset or company.
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| Variable Rate |
An interest rate that fluctuates over the life of the loan.
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| Void Contract |
An unenforceable contract that lacks at least one of the four essential elements of valid contract and is therefore non-binding.
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| Voluntary Lien |
A lien that the home owner willingly allows to placed on his property
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