[Marc]

In the process of purchasing a home and our signed purchase agreement is 197K to include 5% concessions ($9850). We will be financing thru a FHA mortgage so we would only have to put down 3.5% ($6895). We also have put down $1000 deposit, and now are being told we will need about $10,000 to close. We are meeting with the Mortgage broker this morning, and I am having a hard time understanding where my money is going? Maybe he will shed some light on these numbers, but what do I need to watch out for to ensure I don't get screwed? Help Please.....