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Real Estate Glossary V
VA Mortgage A mortgage that is guaranteed by the Department of Veterans Affairs (VA).
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 However, taxes may be due on any funds that are actually withdrawn.
Veterans Administration (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.
Keller Williams Arizona Realty 9500 E. Ironwood Square Drive, Suite 101 Scottsdale, Arizona 85258 Phone: 480-595-6410 or 877-553-2539 Email: office@votsr.com
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The materials contained within this page may not be reproduced without the express written consent of KELLER WILLIAMS ARIZONA REALTY - THE VALLEY OF THE SUN TEAM. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.