So I have another question. I have 100% financing for a mortgage loan that I was approved for and…?
In my approval letter it states that the seller will pay all closing costs and prepaids. So the money the seller pays will that come off of the amount I finance or be added to the amount financed. Example: 100,000 closing cost/prepaids 5000 would that be 95,000 financed or 105,000. I’m a first time buyer and really confused. Help ME Please.