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Updated over 7 years ago on . Most recent reply

User Stats

20
Posts
3
Votes
Maykol Au
  • Miami, FL
3
Votes |
20
Posts

Financing Prequalification Question

Maykol Au
  • Miami, FL
Posted

Hi BP,

I am in the process of landing my first rental and was wondering whether or not a financier will honor cash that is currently sitting in investment accounts or would they solely focus on tax return/bank statements. I personally ask because a good chunk of my cash is sitting in a Vanguard fund. I do plan on moving a portion of this amount into my bank but wonder if it would still be honored when qualifying for financing since it is a fairly liquid account.

Thanks in advance!

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