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RMI Holdings Team |
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RMI Holdings, LLC |
118 South Cherry Street |
Ocilla, GA 31774 |
Office: 229-468-4070 |
Fax: 229-468-9497 |
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Real Estate Terms Glossary |
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VA loans |
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A program that allows most veterans to purchase a house without a down payment. |
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Variable interest rate |
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A loan rate that moves up and down based on factors including changes in the rate paid on bank certificates of deposit or Treasury bills. |
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Variable rate |
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An interest rate that changes with fluctuations in such indexes as the U.S. Treasury bill index. |
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Variable rate mortgage |
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A loan with an interest rate that hinges on factors such as the rate paid on bank certificates and Treasury bills. |
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Vaulted ceiling |
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An elongated half-cylinder that arches above the floor. |
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Verification of deposit |
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Part of the loan process, in which a lender will ask a borrower's bank to sign a statement verifying the borrower's account balances and history. |
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Verification of employment |
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Part of the loan process, in which a lender asks the borrower's employer for confirmation of the borrower's position and salary. |
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Vestibule |
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A small entrance hall or room. |
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Veterans Administration (VA) |
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The U.S. Department of Veterans Affairs operates a variety of programs to help veterans. One of the key plans it oversees is the VA loan program, which allows most veterans to purchase a house without a down payment. |
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Victorian style |
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An architectural style that dates from the mid-19th century. |
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Vinyl-clad windows |
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Wood windows sheathed in vinyl on the outside. |
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Voluntary lien |
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A lien that a homeowner willingly gives to a lender. |
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