When do they verify your reserves for closing? In underwriting? After they approve you and verify your reserves, do you then get your clear to close? Or do they do it twice - in underwriting then again right before closing? Need 6 months of PITI reserves and just curious how often or how many times they are going to request statements to verify reserves. And not pay off my credit cards early (like I usually do). Again, just to clarify, not funds for actual closing, but reserves.
