Hello!
I currently have a savings account with about 5k in it, which will eventually grow to be a down payment and closing costs on a house (hopefully multi family). However, I'm concerned about being able to cover down payment, closing costs AND show a reserve of emergency funds after the fact to soothe the lender. I also have a joint account with one of my parents, whom live overseas, which is currently paid into on a regular basis - right now, it sits at about 7.5k and gains about 1k in deposits every month . It isn't really my money, and I don't touch it - I'm really just a signer in case something should happen to them while they are abroad.
However, because I am a signer on this account, could I present this account as reserve funds should the need arise?
Thanks for reading!
Kayla
