You typically don’t need reserves to buy a home. As long as you buy a primary residence with a solid application. However, with blemished credit, a second home, a multi-unit p… See more

According to Fannie Mae, “Liquid reserves are those financial assets that are available to a borrower after a loan closes.” The amount of reserves is calculated in months. Lenders firs… See more

The lender is happy if you happen to have the required reserves in cash. For a lot of borrowers, this is a high bar after a down payment and closing costs. The good news is that lend… See more

At some point, the line between borrowed funds and liquid assets begins to blur. For instance, if you took out a five-year personal loan a year ago, and deposited the procee… See more

According to the Urban Institute(UI), underwriting standards in the past few years have become remarkably tight. “Only the best borrowers are getting loans today and these l… See more