Required Cash

Required Cash

The total cash required of the home buyer/borrower to close the purchase plus loan transaction or the loan transaction on a refinance.

Required cash includes the down payment, points and fixed dollar charges paid to the lender, any portion of the mortgage insurance premium that is paid upfront, and other settlement charges associated with the transaction such as title insurance and per diem interest. It is shown on the Good Faith Estimate that every borrower receives. See Good Faith Estimate.

References in periodicals archive ?
A press release issued by secretary information Khyber Pakhtunkhwa for JI quoting provincial Ameer as saying the affected persons required cash payment and it should be ensured forthwith.
KARACHI -- State Bank of Pakistan has now decided to publish bank-wise data on excess cash reserves maintained by banks over and above the minimum required cash reserve requirement (CRR).
Carlos Peralta, the controlling equity owner of the Company, has made the US$13,888,000 in required cash equity contributions to date.
While talking to Daily Times, T&CD Executive District Officer Iftikhar Qaimkhani said the CDGK T&CD has not yet dropped the scheme of procuring the new CNG buses but due to lack of the required cash flow, the scheme could not be completed during the last fiscal year.
Share buyback makes sense when the company thinks that its share is valued way down the fair value and has the required cash to execute the buyback," Raghu said.
Jihad Al-Wazir, the director of the Palestine Monetary Authority, said that the required cash is ready to be transferred to Gaza Strip, and he is waiting the Israeli approval.
Now John Lamont, the Conservative MSP for Roxburgh and Berwickshire, has called on the Scottish Government to put up the required cash, claiming it is "astonishing" that the Borders area does not have a crematorium.
Spurs upped their bid from pounds 12m plus players to pounds 14m earlier this week but Charlton refused to play ball, reiterating that Bent will start the new season at The Valley unless Tottenham - or Liverpool who are also interested - come up with the required cash.
In this case, the amount of required cash would be smaller than that required for an all-cash acquisition.
Although having to pay well over the odds, it seemed like a good way to get her `in the mood', so I stumped up the required cash.
If too much money is tied up in illiquid investments, such as collectibles or real estate, the required cash flow may not be available to participants during retirement, or for their heirs, to make required distributions.
With an increased capacity at lower prices Villa could still rake in the required cash as hopefully more fans will return.