Request Information
If you would like additional information that addresses your particular requirements, just fill in the fields below
and click on Continue. One of our loan officers will contact you.
Glossary
Find an Office
Please select a state or division below.
News and Resources
-
- 08/18/2010
-Mortgage Network Expands Across Mid-Atlantic Region Read More- 07/22/2010
-John Holian Joins Northeast Association of Retarded Citizens Board for Second Term Read More- 07/22/2010
-Mortgage Network Hosts Charity Golf Tournament & Casino Night to Benefit Friends Of Ari Shumbres Read More- 07/01/2010
-Mortgage Rates Again Hit New Low Read More- 07/01/2010
-Mortgage Loan Rates Fall to New Low Read More - 08/18/2010
“Working as a real estate broker for 13 years, 60+ hours a week, and having a Masters degree in Business, I know an honest, hard working, productive person - that is Mike Elias. I rarely endorse the efforts of another because I’m a demanding person, but Mike Elias exceeds my standards, he’s the BEST and gets my full endorsement. His competence is beyond reproach.”
–Brent Jones, GRI, CBR | Broker/Manager/Owner, Hearth N Home Realty
Glossary
We’ve put together an extensive glossary of terms used in the mortgage lending business. If you’re not sure what a particular term means, click to find the definition in our glossary.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
V
- VA Mortgage
- A mortgage that is guaranteed by the Department of Veterans Affairs (VA). Also known as a government mortgage.
- Variable Rate
- An interest rate that changes periodically in relation to an index. Payments may increase or decrease per the terms of the loan agreement or note.
- Vested
- Having the right to use a portion of a fund such as an individual retirement fund. For example, individuals who are 100 percent vested can withdraw all of the funds that are set aside for them in a retirement fund. However, taxes may be due on any funds that are actually withdrawn.
- 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.