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Mortgage-Glossary

Mortgage Glossary

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TermDefinition
VA Mortgage A mortgage that is guaranteed by the Department of Veterans Affairs (VA). Also known as a government mortgage.
Verification of Deposit- VOD A document signed by the borrower’s bank or other financial institution that verifies the borrower’s account balance and history
Verification of Employment- VOE A document signed by a borrower’s employer that verifies the borrower’s position and salary
Verification of Rent- VOR A document signed by a borrower’s landlord that verifies the borrower’s rental payments and history

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