Ashley asked:
I combined some money with my savings with some money from my credit card to pay earnest money, will that be a problem? Problem enough to cause me not to get the loan when we are closing in a few days?
Kansieo.com
I combined some money with my savings with some money from my credit card to pay earnest money, will that be a problem? Problem enough to cause me not to get the loan when we are closing in a few days?
Kansieo.com
#1 by Mary C on June 28, 2009 - 11:39 am
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I sure don’t know! I know a (very rich!) lady who brags that she put the earnest money on her credit card for a house that cost $500,000+! That’s WAY more than I could put on my credit card!
But here’s some advice…If you have to scramble like this to pay the earnest money, be careful that you don’t take on a payment that you cannot make each month — regardless of what the lender tells you! You might just be setting yourself up for failure.
Don’t take on more than you can easily handle regarding a house payment!