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 ?
Non-compliant STL agents still operate - According to COA, there were three authorized agents that were allowed to operate STLs in 2018 despite their failure to fully settle the required cash bond cumulatively worth P106.3 million.
Inter have so far been unable to stump up the required cash that M.E.N.
"Accused (Trillanes), after having voluntarily appeared before this Court and posted the required cash bond...
Once the verification is done, you will get your required cash. You can also select the denomination of notes as per your preference.
One that the conglomerate was in the throes of expansions and diversification that required cash and it could ill afford to tie up the money in treasury stocks.
Because of the irregularities, the CTA would be 'dispensing the required cash deposit or bond provided under Section 11 of the [Republic Act] No.
An official said the working papers had established both K-Electric and SSGC required cash and gas flows to resolve the woes of Karachi's citizens.
At least this was not the case previously when 100pc of the required cash dollars was available.
that will provide required cash at closing used to pay certain transaction expenses, reduce net debt and provide additional balance sheet cash.
Without the required cash flows, the power sector can chug along for a brief period before sputtering to a halt.
The Reserve Bank will have to provide us with required cash to meet the demand.
The minister noted that the proposed law gave import record owners six months to adjust their situation with respect to capital and required cash insurance to enroll in the importers' records on the condition of passing an importer training courses, which would ensure familiarity with the rules and assets of import operations in line with the objectives of the law.