Asked by Mschocolatelady67, 23185 • Tue Jul 28, 2009
I am purchasing a new construction home and the builder is giving $50,000 to permanently buy down the interest rate. I may have approx $5000 extra money after applying as much money as we can towards the interest rate. What can we do with the left over money from the seller. all closing costs are paid by NACA. Can the seller give a gift card for furniture? We already have a an executed agreement but just realized we may not be able to use all the cash. Or will I have to give the extra back to the builder. Suggestions are welcome.
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