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Cash to close refers to a combination of the down payment plus closing costs.  The combination of the two makes up the cash to close, and the earnest money deposit is applied to the cash to close.  

Today we introduced the First Home Advantage loan product, which improves pricing of loans for eligible buyers, mostly for but not just limited to first time buyers. Fannie Mae and Freddie Mac, entities of the federal government, removed loan level pricing adjustments (LLPAs) on all Home Ready loans and also on loans where at least…

A home equity loan is a secondary mortgage behind your existing loan!  It allows you to cash out equity for a variety of purposes including financing renovations or consolidating higher interest rate debt. This loan is available on a primary or secondary residence.  Your existing mortgage plus the new home equity loan can finance up…