To reconcile at the end of a shift; to compare receipts of items sold to records of credit card, check and cash placed into the drawer, verifying that correct change was given out by the clerk
Any cash received when you get a new loan that is larger than the remaining balance of your current mortgage, based upon the equity you have already built up in the house The cash out amount is calculated by subtracting the sum of the old loan and fees from the new mortgage loan For example, if your existing loan is $100,000, you might refinance it with a loan of $120,000 After you pay off your current loan ($100,000) and any loan-origination costs for the new loan (for example $2,000 in points), you would be left with $18,000 cash out Cash-out loans may not be available for all types of property
Money paid out when a loan is closed Any money totaling more than 1% of the loan amount
A refinance for more than the balance of the original mortgage so that the excess money taken out reduces the borrower's equity built up in the house property
A refinance in which the borrower receives cash in excess of the funds required to pay-off existing mortgage(s) and debts The excess money is taken out and reduces the borrower's equity in the property
A refinance for more than the balance of the current mortgage The excess money taken out reduces the borrowers equity [top] Cashiers Check (or Bank Check) - A check whose payment is guaranteed because it was paid for in advance and is drawn on the banks account instead of the customers [top] CC&Rs - See Covenants, Conditions and Restrictions [top] Ceiling - The maximum allowable interest rate of an adjustable rate mortgage [top]
a first mortgage refinance transaction in which the amount of money received from the new loan, exceeds the total of the money needed to repay the existing mortgage(s) plus the closing costs of the new loan In other words, a refinance transaction in which the borrowers receive additional cash, which is used for any lawful purpose
to turn some of your house equity into cash through a house equity loan; this is to use the financial power in your house as an investment vehicle in addition to a "home" for you and your family
choose a simpler life style after questioning personal and career satisfaction goals; "After 3 decades in politics, she cashed out and moved to Polynesia
Receiving money back when refinancing your present mortgage Not available on homestead property in Texas (See homestead)