Hi. I am new here and new to home ownership. My husband and I are in the process of buying our first home but we are wondering if our inspection report poses a deal breaker. The majority of the house is run off of knob and tube wiring and a 60 amp fuse box. In order for us to even get a loan, the fuse box has to be updated to 100 amps (which the seller has agreed to take care of). The kitchen is remodeled, so all major appliances run off a newer box, but I am curious as to how knob and tube works with a 100 amp box and whether this should be a huge concern right away. I am starting to think it may be a deal breaker for me unless the seller agrees to upgrade the wiring. It is a very expensive process and we already have one expensive fix (the central air unit needs replaced). Of course with the knob and tube comes no GFI outlets so all of those would need replaced also. The rest of the house is great. 1 year old roof, 2 year old heater and water heater, remodeled kitchen, original wood floors, nice sized yard, two story play house built just last year that would be PERFECT for my kids. I am just worried about this major electrical issue, home insurance concerns, etc.