Definition
Certificate of Eligibility
The VA document confirming a borrower’s entitlement to VA loan benefits.
Nearby terms
Cash-on-Cash Return
Annual pre-tax cash flow divided by total cash invested.
Cash-Out Refinance
Replacing an existing mortgage with a larger one and receiving the difference in cash.
Chain of Title
The sequence of recorded ownership transfers for a property, from the earliest record to the present owner.
Closing Costs
All fees and charges payable at closing beyond the down payment, including loan costs, title, government charges, prepaids and escrow reserves.
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