What does VoD stand for mortgage?

Video-on-Demand is a service through which customers can view and purchase media content such as movies, tv shows, and educational programs. With this service, you can view the content at any time on any device that you have an internet connection on. There are no requirements on the device.

What does the abbreviation for mortgage loan mean?

When people talk about a mortgage loan or home loan, the terms used can get confusing – especially when there are so many different types of loans available. The most widely used loan in the mortgage industry is the conventional mortgage. A conventional mortgage is a loan that’s backed by the lender – the bank.

What does a mortgage loan door mean?

The mortgage loan door refers to the process of buying a home. When you take out a mortgage, a bank or lender gives you a lump sum of money. In return, the bank or lender will give you the funds you need to purchase a home.

What does voD stand for mortgage?

A mortgage that utilizes the services of a virtual loan company is called a video-originated mortgage (VOM). In most cases, the lender does not physically handle the mortgage, but instead, the loan is managed through a third party company.

What does the word mortgage mean in English?

A mortgage is a type of loan that’s given to home buyers. The mortgage includes the amount that the buyer will need to pay over the life of the loan. The remaining balance after paying off the mortgage is called the equity. The mortgage company will provide the money to the buyer and will own the house until the buyer pays off the loan.