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GLOSSARY
 
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V's
 

Verification of deposit

Part of the loan process, in which a lender will ask a borrower's bank to sign a statement verifying the borrower's account balances and history.

                 

Veterans Administration (VA)

The U.S. Department of Veterans Affairs operates a variety of programs to help veterans.  One of the key plans it oversees is the VA loan program, which allows most veterans to purchase a house without a down payment.

 

Voluntary lien

      A lien that a homeowner willingly gives to a lender.


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