Glossary of terms used on this site
There are 105 entries in this glossary.All
| Term | Definition |
|---|---|
| Trustor |
The borrower under a deed of trust. |
| Underwriting |
This is the process that a lender uses to assess the eligibility of a borrower for a mortgage loan. |
| VA |
Department of Veterans Affairs (formerly Veterans Administration), a government agency that provides certain services to discharged servicemen. |
| VA Loan |
A loan that is guaranteed by the U.S. Department of Veterans Affairs. |
| Variable Rate Mortgage |
See ADJUSTABLE RATE MORTGAGE. |