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VA Loan -
A long-term, low-or no-down payment loan guaranteed by the Department of
Veterans Affairs.
Variable Rate Mortgage -
Mortgage in which the interest rate varies throughout the life of the
loan. See also Adjustable Rate Mortgage.
Verification of Deposit (VOD) -
Legal document stating the status and balance of a borrowers current
finances.
Verification of Employment -
Legal document verifying the current employment status of the borrower.
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