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Reply to "question about qualifying for mortgage"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have a friend who mortgage just fell through (after initial pre-approval) because she was using funds received from a relative. Lending companies like the downpayment to have been in your accounts for a couple of years. [/quote] How would they know if it's been there for years? Ours just recently asked for the last 6 months of statements. So they know I've had the money, and added to it, over the last 6 months...[/quote] in this scenario, the OP is out of luck, as it seems she is looking to move relatively soon[/quote]
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