If you need further assistance, please feel free to contact me, Shawn Washinko, Charles Rutenberg Realty, (813) 258-1242 or firstname.lastname@example.org
My personal observation: Sounds as if you did everything right. You went through a preapproval process. You kept asking what funds you would need, and you received one answer. Now they're changing their story, asking for a huge extra amount . . . one with significant negative tax implications for you. It all sounds really suspicious. Unless the problem can be straightened out quickly, I'd be tempted to call the whole thing off and take my business elsewhere.
Hope that helps.
Florida Mortgage Coach
â€œWe Coach You Through the Mortgage Processâ€
Anything over $10,000 pulled from a 401K for fist time residential purchase will be taxed with penalty. If you have to , make sure to not exceed the 10,000 allowable withdrawal. Talk to your account accountant before doing it.
Charles Rutenberg Realty