Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What does “cash to close” mean?

mean
0
Posted

What does “cash to close” mean?

0

“Cash to close” means the total amount of cash needed to complete a purchase transaction. This would include the down payment on the purchase price of the home, the transaction costs due from the borrower, and enough cash “left over” to make a least two or three month’s payments.

0

Cash to close means the total amount of cash needed to complete a purchase transaction. This cash includes the down payment on the purchase price of the home, an amount of money sufficient to pay all of the transaction costs due from the borrower, and enough cash “left over” to make at least two or three months payments.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.