Terms with Tag Mortgage
- Underwriting Guide — Definition,
- The rules and guidelines an underwriter must follow while writing policies.
- Underwriting Income — Definition,
- The income earned by an insurer from underwriting in a certain amount of time.
- Underwriting Risk — Definition,
- The total amount of risk an entity takes on from underwriting something.
- Unigasco Community Credit Union — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Union Bay Credit Union (UBCU) — Company Est. 1944, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- United Employees Credit Union (UECU) — Company Est. 1944, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- United Ukrainian Credit Union (UUCU) — Company Est. 1943, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Unity Credit Union — Company, Saskatchewan, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Upside-down — Definition,
- A position that consumers find themselves in when the outstanding balance of a loan is higher than the current fair market value of the property purchased with the loan. See also "Depreciation."
- V.P. Credit Union — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Valley First — Company Est. 1947, British Columbia, Canada, ➥ A division First West Credit Union and also a Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Vancouver City Savings Credit Union — Company, Vancouver, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Vancouver Firefighters Credit Union — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Vanguard Credit Union — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- VantageOne Credit Union — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Variable Interest Mortgage — Definition, Important,
- A loan where the interest rate may vary during the term of the mortgage. The variance is usually tied to some specific factor such as prime bank rate or the guaranteed investment certificate rate for a designated lender.
- Variable Interest Rate — Definition,
- Percentage that a borrower pays for the use of money, and which moves up or down periodically based on changes in other interest rates.
- Variable Rate — Definition,
- A floating percentage value that fluctuates based on certain conditions.
- Variable Rate Demand Note (VRDN) — Acronym,
- A request or demand made by a lender to pay back borrowed funds and any accrued interest at the current money market rate.
➥ A debt instrument that represents borrowed funds. - Variable Rate Mortgage (VRM) — Acronym, Very Important,
- Home loan in which the interest rate is changed periodically based on a standard financial index. Also called an "Adjustable-rate Mortgage."
➥ A type of mortgage loan offered by brokers and lenders. - Variable Rate Mortgage Backed Securities (VRMBS) — Acronym, Canada,
- Variable-Payment Mortgage (VPM) — Acronym,
- Vendor Take Back — Definition,
- Where the seller of the property provides all or some of the financing in order to sell the property.
- Verification of Loan (VOL) — Acronym, ➥ A document signed by a lender or creditor verifying that a loan was approved.
- Verification of Mortgage (VOM) — Acronym,
- Vermilion Savings & Credit Union — Company, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Virtual One Credit Union Loan — Company, Ontario, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Wainwright Savings & Credit Union — Company Est. 1943, Alberta, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Westminster Savings Credit Union (WSCU) — Company, British Columbia, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages, and reverse mortgages.
- Westoba Credit Union — Company, Manitoba, Canada, ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
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Underwriting Guide -
