An interest rate which fluctuates as the prevailing rate moves up or down. In mortgages there are usually maximums as to frequency and amount of fluctuation. Also called "flexible interest rate".

(VOA) Proof of available assets.

(VOD) Verification of available funds in a bank account.

(VOE) Employer's confirmation of borrower's employment.

(VOI) Income verification from a third party.

(VOM) Proof of current mortgage (shows amounts, payments and payment history).

(VOR) Verification of lease payments and if payments were made on time.

Proof of available assets.

Verification of available funds in a bank account.

Income verification from a third party.

Proof of current mortgage (shows amounts, payments and payment history).

Verification of lease payments and if payments were made on time.