Posted on: 24th Aug, 2010 05:26 pm
used money order as binder deposit and lender now is asking the source. am being paid cash in my work but my husband has a job. this has been accumulated since last year when we started looking for a house. how do we answer this. thanks in advance.
Hi Guest,
You should inform the lender about the whole matter and he would let you know what documents you can provide him so that you would be able to get the loan.
Thanks
You should inform the lender about the whole matter and he would let you know what documents you can provide him so that you would be able to get the loan.
Thanks
do you know of any sample letter on how to explain the source? also, would you know the type of documents they would be asking? i don't put my own money in the bank. seldom do i do that unless i will be needing some kind of check to pay some bills...thanks in advance..
You can contact an attorney and he would guide you in writing the letter explaining the source of the money.