debbysdishaboutatlantarealestate

Did you know deposit details make a difference when applying for a loan?

12/13/2013
Leave a Comment

Did you know…..

deposit details make a difference when applying for a loan?

They do! Most of us expect to share a plethora of personal information when refinancing or applying for a loan. However, many people don’t realize that deposit verification is now part of the mix. It’s a byproduct of mortgage fraud and The Patriot Act. Lenders are now required to verify the source of deposits. Some lenders have a cutoff point at $500 to $1000. Many lenders do not have a limit and require applicants to confirm the source of EVERY deposit.  Anyone who is considering applying for a loan or refinancing a loan will need to be prepared to do some extra research. A great way to save time and make record keeping simple is to have a copy of the check deposited imprinted on your deposit receipt (& file them, of course). Fortunately, most ATM’s and electronic banking apps make this very easy. You are highly encouraged to take advantage of this functionality! I promise, you’ll be grateful you did if you find yourself in this situation.

As your Atlanta Real Estate Concierge I’m ALWAYS happy to refer you to a highly qualified, full service lender. All you have to do is ask! BTW, highly reliable, qualified Contractors, Appraisers, Lenders, Decorators/Home Stagers & other home related service vendors are also listed on my website:

  http://www.debbybraun.com/atlanta_real_estate_service_providers.asp

And if what you need isn’t listed there just let me know; it’s highly likely we know someone to help.

All the best,

– Debby

 PS  If you know someone thinking of buying a home, selling a house or investing in real estate, that would appreciate concierge like service, I would be delighted to help!  So as these people come to mind, please let me know.  I promise to take excellent care of them!

Keller Williams Realty-

First Atlanta

Realtor®, CDPE®

debbybraun@kw.com

404-372-9556

Click here to

Click here to follow us on

Advertisements

Posted in Uncategorized