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What length of time do you need to have money in your account for a down payment if the HUD website states money needs only be in your account before the closing but the bank wants three months?
Wiki User
∙ 17y ago
This depends on the kind of loan you are aplying for. Fannie Mae and Freddie Mac quidelines state that any money that will be used in the purchase of a home needs to be in an account of some sort 2 months prior to close. For us brokers, that usually means that when you apply, you need to show me proof that the money is somewhere, checking, savings, mutual funds, 401K available funds, and/or a cashable insurance policy for the last 2 months. The lender does not want to see that you are borrowing it at the last moment as this can affect the loan even if nothing is said about it at the time. (But is said to the mtg. collection dept. 4-5 months into the loan when one calls the mortgage company to say why the payment is late--(have to pay the quick loan back to the family member right away for whatever reason). There are first time homebuyer loans that require as little as $500.00 if all the other closing costs are paid by seller or grants. Which loan are you applying for??
Wiki User
∙ 17y ago
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The income summary account has debits of 85000 and credits of 75000 before closing. Closing income summary will?
increase retained earnings by 10,000
How quickly will a payment post to your credit card account when you use visa online bill payment options?
a payment will post immediately to your account as long as it was posted before Friday at midnight. if you posted on Saturday it would take until monday morning to post to the account.
How do you change the currency used on the Amazon website?
just before payment option you will get that option
The special account used only in the closing process to temporarily hold the amounts of revenues and expenses before the net difference is added to (or subtracted from) the retained earnings account?
Income summary account
The special account used only in the closing process to temporarily hold the amounts of revenues and expenses before the net difference is added to or subtracted from the owner's capital account is?
Income Summary Account
Collection agency offered you a settlement amount to pay on account will it hurt your score if you pay just that settlement amount?
Wait before you pay! You need to get a deletion letter before you pay a dime because this will affect your score. Also it you have not made a payment in a while on this account, the negative mark will remain for 7 years from the date of the payment. Wait and get more knowlede before you make this payment.
Can an executor remove funds from a deceased bank to put to the will before closing the account?
yes that is the legal way of handdling the matter
Why do some states use title companies and some go to escrow?
It is just a difference in vocabulary. Both hold funds (ie. down payment) in escrow for closing and both will ensure a clear title before closing.
How do you pay a collection account?
Have the collection agency send a written agreement accepting the settlement or payment amount agreed upon BEFORE rendering any payment(s).
How 2 get a free runescape account before anyone else?
You can get a free account, registering on the official website (www.runescape.com).
Does amazon really delete your credit card info after you close delete your account?
There is no reason to believe that Amazon keeps your credit card info after you close your account. If it concerns you, you can actually delete your saved payment information before you close your account. Or, you can delete your payment information and keep your account open in case you want to use it in the future.
How To Pay Medical Bills Online Using Medical Payment Portal?
Follow these steps to pay your medical expenses online: Visit the website of the hospital or clinic: Visit the official website of the hospital or clinic where you were treated. They often feature a section devoted to bill paying. make an Account or Log In: You may need to make an account on the website if you haven't already. This usually entails entering personal information such as your name, contact information, and a username Locate the Billing or Payment area: Once signed in, browse to the website's billing or payment area. This may be called "Pay My Bill," "Online Payments," or something else. Enter the following bill information: You will be required to provide information from your medical bill. This often comprises the patient's name, date of birth, account number, and amount owed. Check this information again to guarantee its correctness. Select a Payment Method: The majority of online bill payment systems offer a variety of payment methods, including credit/debit cards, bank transfers, and electronic wallets. Choose your chosen mode of payment. Enter the following payment information: Fill in the relevant payment information, such as your credit card or bank account number. Make sure you type this information correctly. Review and Confirm: Before confirming the payment, double-check all of the information you've provided. Confirm the amount and method of payment. Make your payment: To complete your payment, click the "Submit" or "Pay Now" option. If the payment is successful, you will get a confirmation message or email. keep Receipt: After completing your payment, keep or print the payment confirmation receipt for your records. Check for Confirmation: You may also get a paper statement or an email confirmation verifying that your payment was received and applied to your account within a few days. If you have any problems or concerns concerning your bill, please contact the billing department at the hospital or clinic. They may provide direction and assistance with the payment procedure. For More Details Visit Our Blogs below:-
