Posted on: 21st Oct, 2011 01:07 am
Hello… Help me if you can. My lender wants 2 months of bank statements. Can I ask why? My checking account can get low sometimes. Will that go against me?
The lender will want to check your last 2 months bank statement in order to find out whether or not you have a good amount of money saved in your account. This will help the lender believe that you will be able to make payments for at least 2 - 3 months after you've taken out the mortgage. If you have a lower amount in your checking account, then it may go after you.
Hello melissa,
A record, usually sent to the account holder once per month, summarizing all transactions in an account during the time from the previous statement to the current statement. The opening balance from the prior month combined with the net of all transactions during the period should result in the closing balance for the current statement.
:idea:
A record, usually sent to the account holder once per month, summarizing all transactions in an account during the time from the previous statement to the current statement. The opening balance from the prior month combined with the net of all transactions during the period should result in the closing balance for the current statement.
:idea:
