Money In The Bank, Money In The Bank, This is not always a good thing when buying a home!
Here is what I mean, when looking to buy a home one of the most important things you DO NOT want to do is start moving money around. When you begin moving money from one account to the other it creates a problem for you and the Loan Office because money always should be sourced.
When I say source I mean the money has to have a place of origin and you have to be able to prove. You can have money coming from other places like 401K’s, IRA’s, Investment Accounts, etc; it just needs to be proven and that is easy to get by just contacting your account holders.
So, it’s okay to have money in different places you just want to speak with a professional before making any movement so they can guide you through the process and avoid any hiccups along the way.
Contact Us Today To Find Out More!
877.7.FLUENT
Hello@myfmloan.com
7380 W Sand Lake Road
Suite 500 Orlando, FL 32819
Fluent Mortgage Corp. NMLS ID 2482920 I Equal Housing Opportunity
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