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SHOPAHOLIC
LIF Adult
Member since 1/07 1712 total posts
Name:
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x...
Message edited 1/14/2015 12:03:24 PM.
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Posted 7/18/13 12:32 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
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Re: Mortgage and multiple bank accounts?
They should -- the bank should look at ALL of your assets (as well as debt, income, credit).
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| Posted 7/18/13 12:36 PM |
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SHOPAHOLIC
LIF Adult
Member since 1/07 1712 total posts
Name:
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Re: Mortgage and multiple bank accounts?
Message edited 1/14/2015 12:03:39 PM.
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| Posted 7/18/13 12:42 PM |
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LoveLee2009
LIF Infant
Member since 6/12 275 total posts
Name:
St.Gerard
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Re: Mortgage and multiple bank accounts?
we have 3 savings account and a checking
they only wanted the 2 accounts that had the money showing our down payment and some extra.
they didnt even care about where out checks were deposited to and never asked for those statements
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| Posted 7/18/13 1:10 PM |
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marianne13
LIF Adolescent
Member since 6/10 887 total posts
Name:
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Re: Mortgage and multiple bank accounts?
The bank will ask you for the bank accounts which are paying the down payment and all closing costs.
So if you have multiple bank accounts you may not need to show them all. If the downpayment and closing costs are expected to be $100k you need to show where that $100k is coming from. If you have a joint account with a parent that's not going to be used for the house, then you don't need to show that.
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| Posted 7/18/13 1:36 PM |
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SHOPAHOLIC
LIF Adult
Member since 1/07 1712 total posts
Name:
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Re: Mortgage and multiple bank accounts?
Posted by marianne13
The bank will ask you for the bank accounts which are paying the down payment and all closing costs.
So if you have multiple bank accounts you may not need to show them all. If the downpayment and closing costs are expected to be $100k you need to show where that $100k is coming from. If you have a joint account with a parent that's not going to be used for the house, then you don't need to show that.
Thank you!!!
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| Posted 7/18/13 2:57 PM |
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