asset reserves: Buying a Home: Show Me The Money!
- 08/15/16 03:09 AM
Buying A Home: Show Me The Money! First question we all ask our new clients, “Can you afford to buy a new home?” Yes, they ‘income’ qualify. Yes, they can come up with the down payment either via their savings, 401K, or Gift funds. No, they don’t qualify because of a lower credit score. Not necessarily because they have a lot of derogatory credit but maybe they have debt load, little-to-no credit, medical collections.
BUT DID YOU KNOW….. if a client can show 3 or more months in reserves for PITI of the new purchase it might just be a game changer? Reserves can prove to … (1 comments)
Buying A Home: Show Me The Money!
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