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Variable Interest Rate Mortgage |
See Floating Rate Mortgage |
Variable Terms Mortgage |
A mortgage which provides - for variation of specific terms of the loan particularly the interest rate and or the amortization period, on a predetermined formula during the loan term. |
Vendor's Lien |
A notice registered on title by the vendor, protecting the vendor, for the unpaid balance of the purchase price. It is usually collaterally secured by a mortgage. |
Vendor Take Back Mortgage |
A mortgage on real property given by a purchaser to the seller to secure a portion of the purchase price. It is usually collaterally secured by a mortgage. |
Vendor Take Back Mortgage |
A mortgage on real property given by a purchaser to the seller to secure a portion of the purchase price and delivered at the same time that the property is transferred, as a simultaneous part of the transaction. |
Voluntary Conveyance |
See Quit Claim. |
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