I'D LIKE TO PUT MY TAX REFUND TOWARDS MY DOWN PAYMENT, BUT I KNOW THAT THE FUNDS FOR MY DOWN PAYMENT NEED TO BE IN MY ACCOUNT WELL BEFORE MY LOAN CLOSES. WILL THIS BE A PROBLEM?"
Typically, loan specialists require that your initial installment be "sourced and seasoned." What does that mean? Having sourced simply means that you can give a paper trail of where the cash originated from. You must be prepared to show that assets and reserve have been in your possession for a specific time allotment, typically between 60-90 … (0 comments)
Can I Use My Tax Refund to Purchase a Home?
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