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Realty and Mortgage Terms and Definitions
V VA Loan - A mortgage for veterans and service persons. The loan is guaranteed by the Department of Veterans Affairs (VA) and requires low or no down payment. Vacancy Rate - The percentage of all units or space that is not leased, not rented or is unoccupied. Vacant Land - Land that is not currently being used. Vacate - To move out of a premises. Vacation home - Valid Vested - Having the right or privilege to use a portion of a fund, such as an individual retirement account (IRA). |