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mortgage gift funds: Show me your Assets! Yep that's what I said. - 11/21/10 08:45 PM
Show me your assets!  Yep that's what I said. 
 
I'm talking about your assets to close!
If you or anyone you know is planning on buying a home, you need to read this. 
 In addition to a credit check, verifying your income and inspecting the property, your mortgage company will be verifying your money.
 Stated income and stated asset loans have pretty much fallen off the face of the earth, and investors have gotten stricter when it comes to verifying your assets.
Now what is going to be verified?   Since things have gotten very challenging, it's best to assume that … (5 comments)

 
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Colleen Craig

Santa Clarita, CA

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Southern California Mortgage Professional

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