Posted by Stephen Simpson on January 14, 2000 at 22:09:46:
Dont forget, you will also need money to buy insurance before the closing can take place. See if the sellers insurance is assumable. Also if this deal does not fly try another. Next time make sure you know what your costs will be and structure the deal to meet your needs. What kind of deal have you made here and do I read this right, all this to borrow another 500 dollars (500 earnest money, 1500 cash), and the down is 2500.00. If you have decent credit and a bank account your bank will give you a visa for 500 dollars. Good luck to you, I hope you get this deal. Im in the process of putting another one together myself.