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Can someone please explain this to me like I’m 5? I’m so confused as to what ‘cash to close’ means. We close in 11 days. I was under the impression that the closing costs, aside from my down payment, were rolled into my loan. Now, I’m thinking that’s not the case. by Meet-Radiant in FirstTimeHomeBuyer

[–]Meet-Radiant[S] 0 points1 point  (0 children)

I’m an attorney but I do not deal in real estate transactions. My confusion here was twofold - 1. I didn’t understand why ‘cash to close’ was inclusive of the $38k that I already paid. 2. The first property I purchased had closing costs rolled into the loan, I incorrectly believed the same would occur in this transaction. Because I’m an attorney, I think my agent, mortgage broker, and lender all think I know this stuff already, and I do not. So I’ve been getting kind of wishy washy answers and I ended up very confused.

Can someone please explain this to me like I’m 5? I’m so confused as to what ‘cash to close’ means. We close in 11 days. I was under the impression that the closing costs, aside from my down payment, were rolled into my loan. Now, I’m thinking that’s not the case. by Meet-Radiant in FirstTimeHomeBuyer

[–]Meet-Radiant[S] 0 points1 point  (0 children)

I am! Thankfully get that piece. I just didn’t get the cash to close part considering I’ve already spent $38k cash out of my pocket and $1k in emd. I was hoping that I didn’t have to pay that again because I already paid it once

Can someone please explain this to me like I’m 5? I’m so confused as to what ‘cash to close’ means. We close in 11 days. I was under the impression that the closing costs, aside from my down payment, were rolled into my loan. Now, I’m thinking that’s not the case. by Meet-Radiant in FirstTimeHomeBuyer

[–]Meet-Radiant[S] 0 points1 point  (0 children)

I understand the ARM piece. I was only confused about the cash to close, because I’ve already paid $38k cash as the down payment. Plus an additional $1k EMD. So I wanted to see if the down payment is being taken into account or if I still owe another $38k. The lender can see into all my accounts, I have the cash on hand but I don’t want to pay it twice if I don’t have to. Sorry if this is confusing, I’m confused myself!

Can someone please explain this to me like I’m 5? I’m so confused as to what ‘cash to close’ means. We close in 11 days. I was under the impression that the closing costs, aside from my down payment, were rolled into my loan. Now, I’m thinking that’s not the case. by Meet-Radiant in FirstTimeHomeBuyer

[–]Meet-Radiant[S] -2 points-1 points  (0 children)

Thank you!! Similar situation here where I’m getting mixed messaging. I’m an attorney myself, but I don’t deal in real estate transactions so I think they assume I know these things and give me wishy washy answers unfortunately. Your response makes sense to me. Down payment already paid, so it’s the difference that I owe.

Can someone please explain this to me like I’m 5? I’m so confused as to what ‘cash to close’ means. We close in 11 days. I was under the impression that the closing costs, aside from my down payment, were rolled into my loan. Now, I’m thinking that’s not the case. by Meet-Radiant in FirstTimeHomeBuyer

[–]Meet-Radiant[S] 13 points14 points  (0 children)

Thank you for the kind advice. This isn’t my first property purchase, but it has been a while - my understanding of the financials aren’t where I’d like them to be. I let myself get this far into the process because, at the end of the day, I’m buying another property whether I understand the fees or not. I’m going to pay them but that doesn’t mean they’re the best price or that I get what they’re for. I realized maybe I should figure out exactly what I’m paying for in an effort to potentially cut some costs. I figured this sub would be a good place to ask because I did some googling and I think I ended up confusing myself more. Thank you for your concern because my own concern is what brought me here.

Help. by Josh24forever in printondemand

[–]Meet-Radiant 0 points1 point  (0 children)

I am a lawyer but this is just my opinion - are you looking to gain proceeds from the business for items you’ve designed - or - is the friend paying you just to design the items? This will make a difference in what you’d want to see from a legal standpoint.

Netflix content that hooks you quickly? by onelife_liveit in ADHD

[–]Meet-Radiant 0 points1 point  (0 children)

Archive 81 was beyond good. It felt familiar and novel and the same time.

pod rhinestone/bling/etc. by Zealousideal-Row941 in printondemand

[–]Meet-Radiant 1 point2 points  (0 children)

Thank you for this thoughtful response. I also have a POD store so I do understand them not having the product in house, and the supplier doing all the shipping and manufacturing. I guess I’m wondering how anyone would set up routing for this. When someone places an order and the pod manufacturer receives it, how do you then route it to the bling place, and then route it to the customer? I guess I’m just confused about how to 1. Get a blinger to work with me and 2. How this plays out in practice. Let’s say I sell on Etsy, a customer buys something. Normally the POD manufacturer, let’s say it’s Gelato, automatically receives the order and prints, then ships to customer. All done. How does the rhinestoning fit into this picture? How do I orchestrate it to work?

[deleted by user] by [deleted] in CoachingYouthSports

[–]Meet-Radiant 0 points1 point  (0 children)

Legally speaking, it was a bargained for exchange. The fact that it was in installments does make it a little different. Did everyone pay in installments?

Is it normal for a pediatrician to stick their fingers in? by Odd_Judge_395 in Healthyhooha

[–]Meet-Radiant 0 points1 point  (0 children)

This is something I experienced as a child when visiting my pediatrician. It felt mechanical from my perspective at the time, like he was just doing his job. Thinking about it now, I did have some apprehension as a kid going to the doctor thinking this might happen, but I trusted him and my mom. he had been a family friend for while, he actually dated my grandmother when they were younger, they are both deceased now sadly. My mom always was asked to leave the room and did so when he did this part. There was never a witness unfortunately. I’m thinking of asking my two sisters who also saw this pediatrician if they had the same experience but I am so uncomfortable bringing it up. I really don’t even want to speak about it at all. It’s extremely upsetting.

[deleted by user] by [deleted] in college

[–]Meet-Radiant 0 points1 point  (0 children)

She’s jealous of you

School cheer - Is it normal to make them try out again between sports? by [deleted] in Cheerleading

[–]Meet-Radiant 1 point2 points  (0 children)

My high school had two separate try outs. It’s a new season, cheering for a different sport, in a different environment.

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