I didn't realize you weren't suppose to deposit cash into your bank account when applying for mortgage, but my husband uses my credit card and then give me cash to reimburse me. So I have a 2 cash deposits of like 190 & 280 over the 2 months of bank statementss they requested. And i have to document/verify them how do I do this? I've tried to ask my loan officer--but she taking forever to get back to me.
I thought they only would ask if the funds were being used for down payment but they went into my bank account and were taken out literally the next day. So I don't get why they care but i'm sure there's a reason
Read more: SMALLER CASH DEPOSITS AND GETTING A MORTGAGE?
