Cash to close: What is it, how to pay it and how to avoid fraud

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How much do you need to bring in to close on your home?

The term cash to close is a simple expression which hides a complex amount of financial engineering. To start, it doesn’t have a great deal to do with cash, the stuff in your wallet.

Simply put, cash to close is the amount you’ll need to bring to your closing to complete your real estate purchase.

However, you probably don’t want to bring actual cash, even if your title company is one of the few that accepts it.

Lots of paper money sets off Homeland Security questions about the source of such funds. A cashier’s check, a certified check or a wire transfer will each do just fine.

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Read the full article source here:

https://themortgagereports.com/39665/cash-to-close-what-is-it-how-to-pay-it-and-how-to-avoid-fraud

 

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