At what point in mortgage process do you need down payment in hand?
Hi Johnson, you will need the Good Faith Deposit at the time of acceptance and the Down Payment at closing... 30 to 45 days... The offer for the new home could be contingent upon sale of existing home and to closing consecutively. The "Estimated Seller Proceeds statement" from escrow can be used as proof of...

i want to get ridof my mortgage insurance
If your loan is a FHA loan, they only way to cancel it is to refinance into a conventional loan. There are Conventional loans with the PMI premium built into the interest rate, if you have less than 20% equity.