mortgages: Understanding Asset Reserves - 10/06/13 03:30 AM
In order to qualify for many of today's mortgage products a buyer would need to have enough funds to cover down payment, closing costs ( this includes lender fees, attorney fees etc) and in many caese, asset reserves.  What exacgtly are asset reserves and how much in reserves are you required to have?More About Rob Spinosa gives a great explanation of asset reserves and how, even if not required, having several months of reserves goes a long way to strengthening your financial package and getting that loan approved.
 
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Lora "Leah" Stern  914-772-4528, Real Estate Salesperson (Coldwell Banker, 170 N Main Street, New City NY 10956) Rainmaker large

Lora "Leah" Stern 914-772-4528

Real Estate Salesperson

New City, NY

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Coldwell Banker, 170 N Main Street, New City NY 10956

Address: Coldwell Banker Residential Brokerage, 170 N. Main Street, New City, NY, 10956

Office: (845) 634-0400

Mobile: (914) 772-4528

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Newest For Sale Homes in Suffern Suffern homes for sale Get this widget How Can I Help You? Interested in Buying or Selling a home?? Contact me and we can brainstorm our way to a closing together! Lora "Leah" Stern, Realtor Suffern Real Estate


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