Isabel Lopez 8459 Howard Drive Houston, TX 77017 Isabel Lopez Realty Off.: 713.641.6828 Cell: 281.932.2726 Fax: 713.641.0567

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The Loan Process Tips and Tricks FAQs Glossary

Glossary

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Vacation Home
See second home.
VA Loan
Home loan guaranteed by the U.S. Veterans Administration, enabling a veteran to buy a home with no money down.
Variable Rate Mortgage
See Adjustable Rate Mortgage.
Verification of Deposit (VOD)
A document signed by the borrower's bank or other financial institution verifying the account balance and history.
Verification of Employment
A document signed by the borrower's employer verifying his/her starting date, job title, salary and probability of continued employment.