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tax refunds: Tax Refunds as Assets - 01/25/12 10:29 AM
It's almost tax refund time. Many people ask us if tax refunds can be used to pay for a mortgage down payment or closing costs.The answer is YES! All a borrower needs to do to document the tax refund is to provide a copy of the refund check and a bank statement showing that the refund has been deposited into their account. If the refund was automatically deposited into their account, they won't have a copy of the check, but the notation on their bank statement will show that it is a tax refund. In the case of automatic deposits, the … (0 comments)

 
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Chris Thomas

Denver, CO

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The Mortgage Experts at America's Mortgage

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