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All Forum Posts by: Eric Bovee

Eric Bovee has started 2 posts and replied 4 times.

Private Lending & Conventional Mortgage Advice

Post: Conventional loan regarding Large Bank Deposit

Eric BoveePosted
  • Investor
  • Haslet, TX
  • Posts 4
  • Votes 0

I took out a title loan for my vehicle and I was told that would not be acceptable.

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Large bank deposit-Conventional Loan

Eric BoveePosted
  • Investor
  • Haslet, TX
  • Posts 4
  • Votes 0

What I did was took a title loan on my vehicle and deposit that money into my bank. But I was told that this is not acceptable. 

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Conventional loan regarding Large Bank Deposit

Eric BoveePosted
  • Investor
  • Haslet, TX
  • Posts 4
  • Votes 0

We are looking at doing a conventional loan for a property we placed an offer on. However, our lender is requesting an answer to the following question, "Where did the large bank deposit come from?" What would be an acceptable response? Any suggestions/thoughts?

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Large bank deposit-Conventional Loan

Eric BoveePosted
  • Investor
  • Haslet, TX
  • Posts 4
  • Votes 0

We are looking at doing a conventional loan for a property we placed an offer on. However, our lender is requesting an answer to the following question, "Where did the large bank deposit come from?" What would be an acceptable response? Any suggestions/thoughts?

0 Votes