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A: Why use a Connecticut Mortgage Broker?
Connecticut Mortgage brokers.
Apply for a Connecticut Home Equity Loan
Apply for a Connecticut Home Mortgage Loan
Contact Us
First Time Buyer in Connecticut Seminar Sign Up
Get Pre-Approved or Pre-Qualified
Refinance your Connecticut Home Mortgage Loan
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Mortgage Glossary
Acorn Home Mortgage works with homeowners from prequalification to closing. Whether you are a First Time Home Buyer in Connecticut or trading up, we will assist you to find the best mortgage product for your specific needs. It is about what you can afford and your monthly payment. We personally meet our clients in CT.
Considering refinancing your Connecticut Mortgage, then let our experienced mortgage professionals evaluate your mortgage and debts to determine if you can save at least a month's worth of salary? Refinancing is all about restructuring your total debt to reduce your total monthly payment.
A B C D E F G H I J L M N O P Q R S T U V W Y Z
Vacancy Factor
A percentage rate showing the loss from gross rental income due to vacancy on income property.
Veteran Affairs (VA) loan
A long-term, low- or no-down payment Connecticut home loan guaranteed by the Department of Veterans Affairs. Restricted to individuals qualified by military service or other entitlements.
VA Mortgage Funding Fee
A premium of up to 1-7/8 percent (depending on the size of the down payment) paid on a VA-backed Connecticut home loan. On a $75,000 fixed-rate CT mortgage with no down payment, this would amount to $1,406 either paid at closing or added to the amount financed.
Variable Rate CT Mortgage (VRM)
see adjustable rate CT mortgage
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.
Verification of Mortgage (VOM)
A written verification that is sent by the lender to the borrower's current mortgage holder. It will provide a 12 to 24 month payment history on the current mortgage.
Voluntary Conveyance
A transfer of title, usually from a delinquent mortgagor to the mortgagee, given voluntarily to satisfy the balance due on a defaulted loan and to avoid foreclosure proceedings. Also called" deed in lieu of foreclosure" or "voluntary deed."
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