amerifirst.com Do you want to know if a seller will pay your closing costs? First time home buyers often ask how much cash they need at closing, and how much of a down payment is required. At closing, final documents are signed and the keys to your new home are yours. The buyer also settles funds like escrow, insurance, inspection costs and the down payment. So how much money will you need? It depends on the type of mortgage you have and other factors. Even 100% financed loans could possibly include some costs at closing. Buyers also want to know where that money can come from, such as borrowed, gifted or on-hand. We asked mortgage consultant Colleen Maire for the answers.
Video Rating: 5 / 5

Tagged with: Closing • money • Much • need

Filed under: VIDEOS on First Time Home Buyer Loans

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