When you give someone option money at the onset of a lease option agreement - you are going to have to prove you gave that money when you get a loan to buy that house.
How do you prove it?
If it's certified funds you need to keep a copy of the certified check.
If it was a personal check - you need to keep a copy of the cancelled check (front and back).
Don't give cash!
Anything less than this - the underwriter will not give you credit for giving that money.
How do you prove it?
If it's certified funds you need to keep a copy of the certified check.
If it was a personal check - you need to keep a copy of the cancelled check (front and back).
Don't give cash!
Anything less than this - the underwriter will not give you credit for giving that money.
Have a good day today! ...and thanks for reading.
Brett
To see if you qualify for a mortgage right now - CLICK HERE and fill out this simple application.
No comments:
Post a Comment