Asked by Enjeri Thomas, Boston, MA • Wed Nov 10, 2010
I have a home and will need a 203k loan to repair it. If the home asking price is 100,000 and I get it for 50,000, and the 203k loan is for 100,000 what will be my cost at the closing.
Is my closing on the buying price(50000) or the total of the loan(150000)?
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