Transfer funds to business account or leave in savings

[Tyler Stephenson]

I am in due diligence period on my first investment property.  My question is: should I send all my funds into my business checking account to use it as the down payment and closing costs account?  Or just leave it in my personal savings and transfer from it when the time comes.

My concern is that the mortgage company may not like such a large transfer before closing.  Is this a valid concern or just transfer it and treat it like a business.

Thank you in advance.

[Joe Splitrock]

Originally posted by @Tyler Stephenson:

I am in due diligence period on my first investment property.  My question is: should I send all my funds into my business checking account to use it as the down payment and closing costs account?  Or just leave it in my personal savings and transfer from it when the time comes.

My concern is that the mortgage company may not like such a large transfer before closing.  Is this a valid concern or just transfer it and treat it like a business.

Thank you in advance.

 It is a valid question, because the bank will sometimes ask for updated bank statements closer to closing. As long as the minus from one account is a plus in the other, it doesn't matter. However, going out and buying a sports car right before closing is not advised.