Just a quick update this morning -
We are now permitted to spend the funds we had been required (by our bank) to allocate to closing costs. While Jordan and I knew that our closing costs would only be beer/pizza/uhaul rental (so max $500) we were required to have 1.5% of the value of the mortgage available for closing costs.
Jordan and I have moved some money into our emergency fund, Christmas fund, and new home furniture fund as well as made a large credit card payment.
yay!
We are now permitted to spend the funds we had been required (by our bank) to allocate to closing costs. While Jordan and I knew that our closing costs would only be beer/pizza/uhaul rental (so max $500) we were required to have 1.5% of the value of the mortgage available for closing costs.
Jordan and I have moved some money into our emergency fund, Christmas fund, and new home furniture fund as well as made a large credit card payment.
yay!