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Updated over 10 years ago on . Most recent reply
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Checking vs a Savings account
Do Lenders care , if the money that you hold, via " savings " in a account, is a Savings or a checking account?
I have both opened, but I am using my Savings account, as the account of which the majority of the money from my paycheck is going in, to show that I have enough money in my account, to cover rent, escrow, appraisal, earnest money, etc.. if needed
I was just curious if having the money being held in one account vs the other, makes any difference at all, to the Lender ?
Thanks everyone