I am working to get my docs ready for upload amd have a question on proof of funds. I have the required funds BUT i have a mortgage ($90k)and a car loan ($3k). I do all my banking with the same bank so my POFletter will include details for my checking and savings accounts. The current requirements do not ask for bank statements, but if I am asked for statements it will show mortgage and car payment each Month.
My question is, will my POF amount be affected by my car or mortgage? I dont believe its their expectation that homes and cars would be paid off or sold at this stage of the process but just wanted to know how others have dealt with this
My question is, will my POF amount be affected by my car or mortgage? I dont believe its their expectation that homes and cars would be paid off or sold at this stage of the process but just wanted to know how others have dealt with this