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Mortgages/Bank Statements/Transfers between accounts

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Anonymous
Not applicable

Re: Mortgages/Bank Statements/Transfers between accounts

Lenders typically care more about deposits than withdrawals (unless it is a consistent withdrawal that looks like you are paying off a private debt). If you can prove the money in your account all came from you, you are fine. A good rule of thumb when getting ready for a mortgage... do not deposit ANY money in your account that came from anyone else (other than your employer of course). If someone owes you money, get it in cash... and do not deposit it.
Message 11 of 12
chela62678
Regular Contributor

Re: Mortgages/Bank Statements/Transfers between accounts

First sorry to hijack thread..

 

We just need "steady" seasoned money more than 60 days?

 

Updated 11/12/14
EQ 717 TU 718 EX 732

updated FICO 10/28/14
EQ 710 TU709 EX683

myfico scores 10/25/14
EQ 677 TU 695 EX 683

Message 12 of 12
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