|
VA
|
Department of Veterans Affairs: a federal agency which guarantees loans made to veterans; similar to mortgage insurance, a loan guarantee protects lenders against loss that may result from a borrower default.
|
|
VA (Veterans Administration)
|
The Veterans Administration assists veterans with purchasing a home without a down payment.
|
|
VA loan
|
A loan through the Veterans Administration program, which allows most veterans to purchase a house without a down payment.
|
|
Vacancy factor
|
The amount of gross revenue that pro forma income statements anticipate will be lost because of vacancies, often expressed as a percentage of the total rentable square footage available in a building or project
|
|
Vacancy rate
|
The total amount of available space compared to the total inventory of space and expressed as a percentage
|
|
Vacant space
|
Existing tenant space currently being marketed for lease excluding space available for sublease
|
|
Value-added
|
A phrase generally used by advisers and managers to describe investments in underperforming and/or undermanaged assets. The objective is to generate 13 percent to 18 percent returns.
|
|
Variable rate mortgage (VRM)
|
A mortgage with an interest rate that changes with fluctuations in such indexes as the prime rate, LIBOR Rate, or treasury bill.
|
|
Variable-rate
|
A loan interest rate that varies over the term of the loan, usually tied to a predetermined index. Also called adjustable-rate.
|
|
Variance
|
Permission that allows a property owner to depart from the literal requirements of a zoning ordinance that, because of special circumstances, cause a unique hardship
|
|
Verification of deposit (VOD)
|
As part of the loan process a lender may ask a borrower's bank to sign a statement verifying the borrower's account balances and history.
|
|
Verification of employment (VOE)
|
As part of the loan process a lender may ask the borrower's employer for confirmation of the borrower's position and salary.
|
|
Virtual storefront
|
An online business presence for sales
|
|
