Zoning Ordinances

Zero Point Option

Yield

Wraparound Mortgage

Warranty Deed

Walk-Through

Veteran’s Administration (VA)

Verification of Employment (VOE)

Verification of Deposit (VOD)

Uniform Settlement Statement

December 24, 2014

Zoning Ordinances

The acts of an authorized local government establishing building codes, and setting forth regulations for…
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December 24, 2014

Zero Point Option

An option which allows the borrower to opt to pay a slightly higher loan interest…
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December 24, 2014

Yield

The ratio of investment income to the total amount invested over a given period of…
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December 24, 2014

Wraparound Mortgage

A junior mortgage taken back by the seller for the amount of the property's purchase…
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December 24, 2014

Warranty Deed

A document protecting a homebuyer against any and all claims to the property.
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December 24, 2014

Walk-Through

An inspection of a property by the prospective buyer prior to closing on a mortgage.
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December 24, 2014

Veteran’s Administration (VA)

The federal agency responsible for the VA loan guarantee program as well as other services…
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December 24, 2014

Verification of Employment (VOE)

A document signed by borrower's employer verifying his or her position and salary.
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December 24, 2014

Verification of Deposit (VOD)

A document signed by the borrower's financial institution verifying the status and balance of his…
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December 24, 2014

Uniform Settlement Statement

A standard document prescribed by the Real Estate Settlement Procedures Act disclosing all costs paid…
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