12 month Bank Statements for mortgage refinance?
admin, June 17th, 2011 MusicMatchTheseSongsThnx asked:
I am in the process of refiniancing a mortgage loan and the loanofficer asked me to bring in 12 months worth of bank statements. to do a FUll DOC loan. now the question is do the banks look at only the amount of money deposited during that amount of time. (AND NOT THE AMOUNT ALREADY IN THE BANK) or do they look at both the deposits and withdrawls. I had about $40k in deposits, and about 20k in savings if they count both they amount to $60k which was withdrawn from my account. the $20k was in the bank from before and left my bank when i closed the loan. the 40k was the amount of money that was put into my account during the past yr. Do you think I can do a full doc loan? my mortgage is 167k.
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I am in the process of refiniancing a mortgage loan and the loanofficer asked me to bring in 12 months worth of bank statements. to do a FUll DOC loan. now the question is do the banks look at only the amount of money deposited during that amount of time. (AND NOT THE AMOUNT ALREADY IN THE BANK) or do they look at both the deposits and withdrawls. I had about $40k in deposits, and about 20k in savings if they count both they amount to $60k which was withdrawn from my account. the $20k was in the bank from before and left my bank when i closed the loan. the 40k was the amount of money that was put into my account during the past yr. Do you think I can do a full doc loan? my mortgage is 167k.
Gift Baskets For Men
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