Show Me The Money

by traviss on January 24, 2012

The guidelines for today’s mortgage lending remain tight. A borrower needs to be able to source the down payment money and paper trail the movement from one account to another. Whether it be Gift funds, 401K loan, IRA, proceeds from the sale of a home, or just from the savings account…any large deposits must be paper trailed and documented so the lender can know the source of the money.

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