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You are here: Home / Archives for Closing Costs

What is Cash to Close?

May 10, 2023 by Patrick Jones

The Cash to Close amount is calculated by subtracting any applicable credits, such as earnest money or seller contributions, from the total amount of funds needed to complete the transaction. The resulting figure represents the final amount of cash that the buyer needs to bring to the closing.

Filed Under: Mortgage Tagged With: Cash to Close, Closing Costs, Mortgage

What is Cash to Close?

May 10, 2023 by Patrick Jones

The Cash to Close amount is calculated by subtracting any applicable credits, such as earnest money or seller contributions, from the total amount of funds needed to complete the transaction. The resulting figure represents the final amount of cash that the buyer needs to bring to the closing.

Filed Under: Mortgage Tagged With: Cash to Close, Closing Costs, Mortgage

How Do You Actually Write The Check To Buy A House?

January 18, 2023 by Patrick Jones

After you have found the right house to meet your needs, you need to make the down payment to complete the transaction. Can you show up at the closing table with a suitcase full of cash? Of course, that would be a bit suspect, so that is not actually how it happens. What do you need to do to actually hand over the funds to buy the house?

Filed Under: Mortgage Tagged With: Closing Costs, Mortgage

How Do You Actually Write The Check To Buy A House?

January 18, 2023 by Patrick Jones

After you have found the right house to meet your needs, you need to make the down payment to complete the transaction. Can you show up at the closing table with a suitcase full of cash? Of course, that would be a bit suspect, so that is not actually how it happens. What do you need to do to actually hand over the funds to buy the house?

Filed Under: Mortgage Tagged With: Closing Costs, Mortgage

Closing Costs And A Cash Sale: Who Pays?

November 8, 2022 by Patrick Jones

There are some people who are able to pay cash for a home. Typically, these are individuals who are selling an existing property that has gone up in value. Now, all of a sudden, they have a lot of extra money they can spend on a house. If you can pay cash for a home, you have a lot of extra negotiating power. When it is time to complete the sale, who pays?

Filed Under: Mortgage Tagged With: Cash Sale, Closing Costs, Mortgage

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