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Debt Related Terms & Definitions
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
VA Loan
See VA mortgage See also Veterans Administration
verifcation of mortgage (VOM)
Form used in mortgage lending to verify the existing mortgage balance, monthly payments and late payments, if any.
verification of deposit (VOD)
Form used in mortgage lending to verify the deposits or assets of a prospective borrower when monthly statements are unavailable or unusable.
verification of employment (VOE)
Form used in mortgage lending to verify the employment and income of a prospective borrower when pay stubs and W2 forms are unavailable or unusable.
verification of rent (VOR)
Form used in mortgage lending to verify monthly rents paid and late payments, if any.
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 However, taxes may be due on any funds that are actually withdrawn.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.
Veterans Affairs mortgage
A mortgage that is guaranteed by the Department of Veterans Affairs (VA). See also Veterans Administration
VOD
See verification of deposit
VOE
See verification of employment
VOM
See verification of mortgage
VOR
See verification of rent
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We provide Debt Settlement and Debt Management Programs in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Gorgia, Illinois, Indiana, Iowa, Lousiana, Maryland, Massechussettes, Michigan, Minnisota, Montana, Mosouri, Nebraska, Nevada, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennesee, Texas, Utah, Washington.
*Individual results may vary and are based on the ability to save funds and successful completion of the program terms. Debt Settlement program does not assume or pay any consumer debts, and does not provide tax or legal advice. Program not available in all states. Read and understand all contract terms prior to enrollment.
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