Any item of value that can be quickly turned into cash
Your liquid assets are the easiest to cash, which is especially helpful when you are gathering money for a down payment on a home. The best examples of liquid assets are certificate of deposits (CDs) and money market accounts. Real estate, boats, antique furniture, and collectible plates are not liquid assets since they take time to sell.
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.