Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
How much money in account?
My husband is signing the paper work today to lock in our interest rate on the loan. One of the things that they want is 2 months worth of account transactions. How much money do they want to see in their? If it matters we have a 175,000 loan at 4.25 our payments will be around 873. I am not sure what type of info you need.
Re: How much money in account?
They aren't looking for the amount/balance in the account. They are looking to see if you've had any large deposits or withdrawals recently. Large as in multiple thousands of dollars. Large deposits or withdrawals may mean that you have a loan held privately (not saying you do, just saying they check for this). So, they want to be able to verify the sources of all funds.
As the others said, they want 2 months of bank statements. If there are any large transactions, they are going to want some sort of proof of the source of the funds.