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What exactly are they wanting to see when they want to view you account?

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jcrsmom
Contributor

What exactly are they wanting to see when they want to view you account?

When you are closing and the loan company wants your bank info, what are they looking for?  Spending habits?  Money on hand?  This is all new to me so I really am not sure. Thanks!

Current EX Score: 760


Message 1 of 6
5 REPLIES 5
CelesteR
Regular Contributor

Re: What exactly are they wanting to see when they want to view you account?

Overdrafts and if you have money to close.
Message 2 of 6
CreditHealthy
Established Contributor

Re: What exactly are they wanting to see when they want to view you account?

Overdrafts I think.

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EQUIFAX 727 EXPERIAN 732 TRANSUNION 743 FICO} STARTING SCORE....554 July 2013
Message 3 of 6
jcrsmom
Contributor

Re: What exactly are they wanting to see when they want to view you account?

Thanks!  

Current EX Score: 760


Message 4 of 6
StartingOver10
Moderator Emerita

Re: What exactly are they wanting to see when they want to view you account?

Looking at your deposits too - where do they come from and are they cash.  If you have a cash deposit they will want to know the source.

Message 5 of 6
jcrsmom
Contributor

Re: What exactly are they wanting to see when they want to view you account?

thanksSmiley Wink

Current EX Score: 760


Message 6 of 6
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