If that cash has not been in the account for 2 months explain to them how it was obtained and over what period of time.

Please explain what was the intention and whether any drawbacks were discussed/considered.

@Joe VilleneuveThanks for the reply, can you explain more about leveraging?

I find this extremely helpful when explaining "why" someone might be getting a different rate than one of their buddies.

Start by speaking with a mortgage professional then find a local Realtor who can explain your options based on your borrowing/buying power.Best of luck to you moving forward!

He has a packet you can get for free that explains it in detail and includes tracking sheets.

Did you explain to your lender what you were hoping to do with it?

That said, some of the deal hungry young brokers at M&M I’m sure would be more than happy to explain what a “cap rate” is if it means you’ll use them to write an offer on their senior’s listing.3.

Ask the loan officer to show or explain what rule covers that.

@Peter Rodriguez your post makes perfect sense, when i think about my relationship with my realtor I did a lot of what you explained.