A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

V

VA guarantee	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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The Amyotte Team Keller Williams Ottawa Realty 610 Bronson Avenue Ottawa ON K1S 4E6 Direct: 613-237-5996 Office: 613-236-5959 Fax: 613-237-8611 Helene Amyotte: Team Leader, Sales Repr Lauralea McNeely: Team Manager, Broker Email: Info@Amyotte.com Svetlana Kouzmina: Transaction Administrator We work in all parts of Ottawa, from Kanata to Orleans, and from Downtown to Hunt Club, Barrhaven and beyond. We're a Citywide team of experts for your Real Estate needs. www.Amyotte.com is brought to you by The Amyotte Team, real estate for Ottawa, Kanata and Orleans, Ontario Read The Amyotte Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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