nj loans: Asset Documentation Tips for Home Buyers
- 06/22/12 04:41 AM
FOR BUYERS & REALTORS One of the biggest obstacles we face today in processing mortgage applications is obtaining proof of assets for funds to close the deal.
Many buyers have multiple bank accounts, stocks, bonds, CD’s, Gifts, etc. They often make large deposits, transfer money, and sometimes they even want to use cash when buying a home. This is often the biggest issue we have when trying to complete a file on time- documenting all the money!
Underwriting guidelines strictly require a full paper trail of any & all assets to be used to fund the purchase of a … (0 comments)
FOR BUYERS & REALTORS
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