Posted by JohnBoy on April 19, 1999 at 02:31:15:
It all depends on the lender your broker is using. Some lenders will require that and some won’t. Ask him if he has other lenders he uses that don’t require your money sitting in your account for 60 days.
Paper Trail? - Posted by William
Posted by William on April 18, 1999 at 22:08:47:
I was just told by a loan officer. That the money that I use for closing cost has to have a paper trail. Meaning that I have to show that it was in my bank account sixty days prior to me applying for a loan. Is this true?
Thank you in advance.
William in hawaii.