Curious, when you deposit your earnest money into escrow initially what about the rest of your down payment?

Asked by A M, Los Angeles, CA Mon Apr 8, 2013

When do you give the rest of your down payment? The EM is in there ( 10 percent down payment, 3 percent EM in escrow, what about the 7% )? Thank you!!

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Cindy Davis, Agent, San Diego, CA
Tue Apr 9, 2013
You take the rest to escrow a few days before you close. Your escrow company will inform you when it's due.
0 votes
Laura Coffey, Agent, Santa Clarita, CA
Mon Apr 8, 2013
You give the rest of your deposit after you sign loan docs. Most escrows are requiring now that you wire the money. They will give you instructions to give to your bank.
0 votes
Walter 'Skip'…, Agent, Brea, CA
Mon Apr 8, 2013
Normally when you go to escrow to sign loan documents is when you will give escrow the remaining amount required. The escrow officer will let you know the exact amount. You will need to pay either with a wire transfer or a cashier's check.
Good luck,
0 votes
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