Updated almost 8 years ago on . Most recent reply
What Qualifies as Reserves?
Hello,
Wondering if mortgage lenders count liquid assets (equities, 401K plus cash) towards the 6 month reserve requirement for a duplex (second property) or is it strictly cash? Also, I have been a landlord on my first property for over two years - same tenants. Does that impact the requirement at all for the first property?
Richelle