Tag Archive for: sourced funds

Equity Lines and Mortgage Funds = Seasoned Funds

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This is a quick reminder that “cash out” from equity lines, second mortgages and first mortgages is considered to be “seasoned funds” no matter how recently the cash was obtained. […]Read More

How Long Do Funds Have to Season? Clear Bank Statements

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We are often asked how long funds for down payments or closing costs need to “season” before a lender will not question their source. This question arises when borrowers have […]Read More

Foreign Funds Can Be Used; Paper Trail; Translation; Gift?

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Foreign funds can be used for home purchases but require careful documentation. Converting foreign funds into gift funds is a simpler alternative for many buyers.Read More