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Mortgage Glossary Letter "V"
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
Click on the letter or the term you wish to have defined. You will them be take to a page with an explanation for what the term means
Valuation (homebuying)
This is a survey of a property, required by the lender to establish how much money the property is worth. The borrower pays for the valuation to be carried out.
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Variable Rate Mortgages
Taking out a variable rate mortgage means that the rate of interest charged on your loan amount will fluctuate over time. These are the standard way in which mortgages are arranged, but you can opt for a fixed or capped rate instead.
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