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Tools - FAQs How much cash will I need to purchase a home? The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply: Earnest Money: The deposit that is supplied when you make an offer on the house Down Payment: A percentage of the cost of the home that is due at settlement Closing Costs: Costs associated with processing paperwork to purchase or refinance a house [previous] [back] Be sure to Apply Online today! Bay Mortgage - Traverse City, Michigan |
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