What does "proof" of funds and "seasoning" of down payment mean? (S5 E17)
Manage episode 313280619 series 3264821
Realtor John V. Pinto and Abel Fregoso, Senior Loan Officer at Homebridge Financial Services, discuss what used to be known as "Verification of Deposit & Proof of Funds". What are "seasoned funds"? How are bank account, stock and IRA/401K statements looked at by a lender?
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