Why would my verified assets be lower than expected?
Certain nuances may come-up during your financial screening that may cause your verified assets to be lower than expected. The following situations may cause such a change…
- Business accounts vary depending on the situation.
- Assets from retirement accounts and investment accounts must be liquidated before closing the loan.
- Large deposits made into your bank accounts from unverified sources can cause this dip.
- If there’s a pending sale on a property, only a percentage of the sale can be used as an asset.
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