VA Cash-Out Prep Kit glossary
Key terms
Prep note
These terms come up when preparing a VA cash-out refinance, each with a primary source. This is not a government website.
Last reviewed against the primary sources listed below.
- Certificate of Eligibility
- The document showing your VA home loan benefit. Source: VA: How to request a VA home loan Certificate of Eligibility
- Payoff statement
- The exact amount needed to close your current loan on a date. Source: CFPB: What's the difference between a mortgage lender and a mortgage servicer?
- Condition
- An item an underwriter needs before approval. Source: CFPB: Buying a house
- Closing Disclosure
- The final form showing your loan terms and costs. Source: CFPB: Closing Disclosure explainer