Posts Tagged ‘Cash to Close’
Before You Move Money Around, Talk to Your Lender
You’ve found the house. Your offer is accepted. The loan is moving along nicely. Then you decide to move $20,000 from one account to another. Or pay off a credit card. Or deposit the cash you’ve been keeping at home. Or your parents send you money to help with closing. All perfectly reasonable things to…
Read MoreYour Down Payment Is Not the Same as Your Cash to Close
One of the most common surprises for homebuyers happens when they hear the words “cash to close.” They may have saved enough for their down payment and assume that is the amount they will need at closing. Then they see additional costs and wonder where all those numbers came from. Your down payment is part…
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