Click on a link below
for an alphabetized list of Real Estate and Mortgage
Terms.
A
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VA mortgage
A mortgage that is guaranteed by the Department of Veterans
Affairs (VA).
Vested
Having the right to use a portion of a fund such as
an individual retirement fund. For example, individuals
who are 100 percent vested can withdraw all of the funds
that are set aside for them in a retirement fund. However,
taxes may be due on any funds that are actually withdrawn.
Veterans Administration (VA)
An agency of the federal government that guarantees
residential mortgages made to eligible veterans of the
military services. The guarantee protects the lender
against loss and thus encourages lenders to make mortgages
to veterans.
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