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GLOSSARY OF MORTGAGE TERMS:
Page 1 of 1 | 2 terms beginning with 'V' Department of Veterans Affairs (VA) An agency of the federal government that guarantees residential mortgages made to eligible veterans of the military services. The guarantee protects the lender against loss and thus encourages lenders to make mortgages to veterans. Vested Having the right to use a portion of a fund such as an individual retirement fund. |