Frank Monetti, Branch Manager at Advisors Mortgage Group Freehold, talks about why you should not deposit large sums of money into your bank account without a proper paper trail when you are applying for a mortgage. Mortgage companies are on strict guidance from the federal government in regards to money laundering, so when they see large cash sums deposited into someone's back account, it raises a red flag. If a friend or family member is giving you money towards your down payment, talk to Frank beforehand and he can have you complete the appropriate paperwork so it is all documented. Frank and his team will provide a smooth loan process from application through closing. Call Frank at 908-513-1202 or visit his website at advisorsmortga... to learn more.
NMLS # 263724 Licensed by the New Jersey Department of Banking and Insurance
Негізгі бет No Large Cash Deposits
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