VARIABLE INTEREST RATE:
An interest rate that may change according to change in the index rate. See "adjustable interest rate".

VARIABLE-MATURITY MORTGAGE:
A long-term loan in which the date the balance is due may be changed to adjust the level of periodic payments.

VARIABLE RATE MORTGAGE (VRM):
See "adjustable rate mortgage".

VENDOR TAKE-BACK MORTGAGE:
See "mortgage back".

VOLUNTARY LIEN:
A claim that is recorded/registered with consent of the owner.