The reason for this is because there is a possibility for interest rates to expand and/or market conditions to soften.

He can furnish admission letter, and letter from US brokerage account letter to prove he has funds in his account.

A Heloc is best utilized as rehab funding when doing a Value add deal where you buy something, fix it up (using Heloc funds) then refinance and pay it off.

Are you buying it with cash and can you provide a proof of funds?

What is your rent rate versus mortgage payments?

This means your funds and sensitive financial information may not have the same level of safeguarding.2.

There are many who are given and follow a specific script with zero intentions of having money to buy an asset and then lock it up under agreement for six weeks and try and get funding after the fact.

Hi Michael, Some lenders may have restrictions on taking out a loan for the use of down payment funds.  

You're knowingly advising a client to hide a covenant break to a financial institution which weakens the lender's risk rating on a deal. 

It takes in account just about everything to give you a livability score.https://www.areavibes.com/Here is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below FBest of luck!