Tag Archive for: cash to close

The Optimal Down Payment Is Less Than You Think

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All too many homebuyers mistakenly believe that they need to put down as much as humanly possible for several reasons: (1) they want to minimize their housing payment; (2) they want to minimize their debt load; (3) they want to avoid PMI; and/or (4) they want to make their offers appear stronger.Read More

What Is The Optimal Down Payment? Hint: It’s Less Than You Think

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  All too many homebuyers mistakenly believe that they need to put down as much as humanly possible for several reasons: (1) they want to minimize their housing payment; (2) […]Read More

Cash to Close – Part 27; Beating The Dead Horse Again

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We hit this often but it is the cause of so much confusion and delay that we are addressing it again. Lenders need to carefully estimate how much cash will […]Read More

Cash to Close And Reserves

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Borrowers often come to us with just enough funds for their down payment, without accounting for closing costs and reserves. “Reserves” have become a bigger issue lately as more borrowers […]Read More