There are currently 3 names in this directory beginning with the letter V.
A mortgage for which payments are fixed, but whose interest rate changes in relationship to fluctuating market interest rates. If market rates go up, a larger portion of the payment goes to interest. If rates go down, a larger portion of the payment is applied to the principal.
The vendor is the current owner of the property who is selling it.
When sellers use the equity in a property to provide some or all of the mortgage financing in order to sell the property.