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Updated over 11 years ago on . Most recent reply
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Can 6 month reserve be in securities or does it have to be cash?
I can't seem to find any posts answering this question (although it probably has been asked before): when lenders require a 6 month reserve does that typically mean cash/savings account/CD or will they accept liquid securities like mutual funds, stocks, etc? Or does this vary from lender to lender and based on individual circumstances?