Valid - Having force or binding force legally sufficient and authorized by law; enforceable.

Valuation - Estimated worth or price. The act of valuing by appraisal.

Variable Interest Rate - An interest rate which fluctuates as the prevailing rate moves up or down. In mortgages there are usually maximums as to the frequency and the amount of fluctuation.

Vested - Bestowed upon someone; secured by someone, such as title to property.

Void -  To have no force or effect; that which is unenforceable.

Voidable - That which is capable of being adjudged void, but is not void unless action is taken to make it so.

Voluntary Lien - Any lien placed on property with the consent of, or as a result of the voluntary act of, the owner.