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