|Words beginning with..|
|A||B||C||D||E||F||G||H||I||J||K , L||M||N||O||P||Q||R||S||T||U||V||W – Z|
A long-term, low- or no-down-payment loan guaranteed by the Department of Veterans Affairs. Restricted to individuals qualified by military service or other entitlements.
VARIABLE RATE MORTGAGE (VRM)
see adjustable rate mortgage
A report as required by the CPF Board and financial institutions, detailing a professional opinion of the property’s value so as to determine the amount of CPF withdrawal and bank financing.
VARIABLE INTEREST RATE
Variable-rate also known as the floating rate is where the interest rates are constantly changing and financial institutions are guided by the Singapore Inter-Bank Offer Rate (SIBOR) to determine the rate to charge for their loans.
VERIFICATION OF DEPOSIT (VOD)
A document signed by the borrower’s financial institution verifying the status and balance of his/her financial accounts.
VERIFICATION OF EMPLOYMENT (VOE)
A document signed by the borrower’s employer verifying his/her position and salary.
[Back to Top]
*Please note that information provided is as it is basis, whilst every effort has been made to provide up-to-date information. The author is not responsible for inaccuracies or whatsoever as a result from using this information.
|About Us | Rental | Sale | Mortgage | Tax | Utility | Useful Info | News | RSS | Contact | Site Map | Disclaimer||© LushDreamHome 2013. All rights reserved|