- This topic has 0 replies, 1 voice, and was last updated 2 years, 3 months ago by
.
Viewing 1 post (of 1 total)
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.
Home › Forums › Purchase Program › MRF and Closing
bayarea415.
bayarea415Hi All,
I am moving along the process, but I seem pretty confused about my MRF and what to expect for closing.
At first, I had the idea that your MRF included the earnest deposit, inspections, etc once you found a home and your MRF money will decrease towards closing because of being used with these items. Am I right? Or am i wrong?
Am I suppose to have MRF the same amount required all throughout the process until the last day which means I need extra to cover the earnest deposit, inspections, etc?
I believe we just moved towards the Credit Access step in the process and I kind of want to have this question answered so I know how to be prepared.
This will be greatly appreciated.
Thanks!