This is entirely an educated guess on my part. I would say you would NOT show the refund on the GFE. I think you would show it on your Cash to Close Summary or Details of Purchase on the 1003. I do hope everyone is working with a Cash to Close Summary so that consumers have a clear understanding of the anticipated bottom line. This is where you would show the seller assist, right?
On the HUD
Wednesday, February 10, 2010
query: new GFE - FHA MIP refund
This is entirely an educated guess on my part. I would say you would NOT show the refund on the GFE. I think you would show it on your Cash to Close Summary or Details of Purchase on the 1003. I do hope everyone is working with a Cash to Close Summary so that consumers have a clear understanding of the anticipated bottom line. This is where you would show the seller assist, right?
On the HUD
On the HUD
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