Regular Contributor
wanttomove
Posts: 181
Registered: ‎03-25-2011
Re: Why can't I use money I set aside for Closing?

That money is set aside for closing and they don't want you to use it because it may appear you will not have enough funds to close. If you don't have enough to close then your file will get kicked back to underwriting until you can get a statement showing you do have the required funds. It's just less of a headache if you just don't touch it.