Definition
Cash-Out Refinance
Replacing an existing mortgage with a larger one and receiving the difference in cash.
Nearby terms
Capitalization Rate
Net operating income divided by property value.
Cash-on-Cash Return
Annual pre-tax cash flow divided by total cash invested.
Certificate of Eligibility
The VA document confirming a borrower's entitlement to VA loan benefits.
Chain of Title
The sequence of recorded ownership transfers for a property, from the earliest record to the present owner.
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