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Updated almost 7 years ago,

Isiah Ferguson's profile image
Isiah Ferguson's profile image
Isiah Ferguson
  • Investor
  • from Charlotte, NC
  • Member since Feb 8, 2017
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316
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153
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Isiah Ferguson's profile image
Isiah Ferguson's profile image
Isiah Ferguson
  • Investor
  • from Charlotte, NC
  • Member since Feb 8, 2017
Connect
Isiah Ferguson
  • Investor
  • Charlotte, NC
153
Votes |
316
Posts
Buying & Selling Real Estate

Cash reserves or credit ???

Isiah Ferguson
  • Investor
  • Charlotte, NC
Posted

Hello, BP. 

When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Credit Cards as reserves to qualify as a cash reserve requirement??

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