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Do UWs require you to have a savings account?

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Anonymous
Not applicable

Do UWs require you to have a savings account?

MY DH and I have two checking accounts.  Our money saved is in one of our checking accounts.  I'm just wondering if I need to get rid of the second account and open a savings account.  I would prefer not to but I will if looks best to the UWs when apply for a mortgage.   Thanks for your help.  

Message 1 of 3
2 REPLIES 2
kc0039
Established Contributor

Re: Do UWs require you to have a savings account?

Not at all.

Licensed in IL
Message 2 of 3
Anonymous
Not applicable

Re: Do UWs require you to have a savings account?

Money is money, doesn't matter what type of account it is.

 

Mortgage people do hate "cash in the safe" though when trying to qualify you.

Message 3 of 3
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