1.0Movoto Bloghttps://www.movoto.com/blogMovoto Editorial Teamhttps://www.movoto.com/blog/author/revans/Pre-closing: Gathering Deposit Fundsrich600338<blockquote class="wp-embedded-content" data-secret="WN9E2e6yVM"><a href="https://www.movoto.com/blog/ultimate-homebuyers-guide-deposit-funds/">Pre-closing: Gathering Deposit Funds</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.movoto.com/blog/ultimate-homebuyers-guide-deposit-funds/embed/#?secret=WN9E2e6yVM" width="600" height="338" title="“Pre-closing: Gathering Deposit Funds” — Movoto Blog" data-secret="WN9E2e6yVM" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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As discussed in our section about fund seasoning, you have to be careful how you handle the money you’ll use for your down payment. You need to account for where you received the money. Be sure to follow all advice from the loan officer when it comes to collecting funds. If there isn’t adequate documentation about the source of funds, it could jeopardize your loan. What to do: Sell any stocks and bonds you’ll be using towards your down payment. Transfer money you have in an international account (if any). Keep in mind that international transfers take more time. Put […]https://www.movoto.com/foundation/wp-content/uploads/2016/05/Deposit-Funds_banner.jpg