Definitions

1. In a refinance transaction, the closing costs are typically included in the new loan, resulting in minimal "out of pocket" expenses for the borrower.
2. In a refinance transaction, the ratio of loan amount to appraised value is taken into account in a similar way. (Web site)

Mortgage Insurance

1. Another way to remove mortgage insurance is via a refinance transaction. (Web site)

Similar Way

1. In a refinance transaction, the ratio of loan amount to appraised value is taken into account in a similar way. (Web site)

Borrowers

1. Borrowers usually have the option to cancel a refinance transaction within three business days after it has closed. (Web site)

Current Mortgage

1. In a refinance transaction, always check to see if the current mortgage has a prepayment penalty.

Words

1. In other words, a refinance transaction in which the borrowers receive additional cash, which is used for any lawful purpose. (Web site)

Loan

1. Refinance Transaction The process of paying off one loan with the proceeds from a new loan using the same property as security. (Web site)
2. REFINANCE TRANSACTION A new loan to pay off an existing loan.
3. A refinance transaction in which the money received from the new loan is greater than the amount due on the old loan.

Government Loans

1. Government loans, FHA and VA require an escrow to be established when a new purchase or refinance transaction is finalized.

Second Loan

1. When paying off both a first and second mortgage in a refinance transaction, most lenders will require that the second loan be at least 12 months old.

Borrower

1. In a refinance transaction, the closing costs are typically included in the new loan, resulting in minimal "out of pocket" expenses for the borrower.
2. A refinance transaction that provides cash proceeds to the borrower in excess of 1% of the mortgage amount. (Web site)

Refinance Transaction

1. In other words, a refinance transaction in which the borrower receives additional cash that can be used for any purpose.
2. A refinance transaction in which the new mortgage amount is limited to the unpaid principal balance of the existing liens plus any closing costs. (Web site)
3. No cash-out refinance A refinance transaction which is not intended to put cash in the hand of the borrower. (Web site)

Categories

1. Borrower
2. Unpaid Principal Balance
3. Old Loan
4. Second Loan
5. Existing Loan
6. Books about "Refinance Transaction" in Amazon.com
   

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