- Joined
- Dec 5, 2007
- Messages
- 2,880
Hi All,
Is person A`s mortgage application really weaker than person B`s!?
Person A: LOC limit of 50K. current balance zero, meaning he can use LOC for down payment.
Person B: LOC limit of 50K. however current balance 30K because 3 months ago he transferred 30K from LOC to a regular bank account just in order to show a positive balance as proof of down payment.
THANKS.
Is person A`s mortgage application really weaker than person B`s!?
Person A: LOC limit of 50K. current balance zero, meaning he can use LOC for down payment.
Person B: LOC limit of 50K. however current balance 30K because 3 months ago he transferred 30K from LOC to a regular bank account just in order to show a positive balance as proof of down payment.
THANKS.