sangfnsgfsd
Brett's Mortgage Blog

When You Do A Lease With Option To Buy…

Good Morning!

When you give someone option money at the onset of a lease option agreement – you are going to have to prove you gave that money when you get a loan to buy that house.
How do you prove it?
If it’s certified funds you need to keep a copy of the certified check.
If it was a personal check – you need to keep a copy of the canceled check (front and back).
Don’t give cash!
Anything less than this – the underwriter will not give you credit for giving that money.
That’s it for today!
I hope you have a great day! Thanks for reading!
Brett
Brett Sampson

Recent Posts

Here’s A Cool Calculator That Can Help You Decide If It’s The Right Time To Buy A House…

If you are thinking about buying a house, but you aren’t really sure if it’s…

3 days ago

Maximum Amount The Seller Can Help You By Loan Program…

Here is a breakdown of the maximum seller help amounts by loan program… Program: Conventional…

5 days ago

Two Ways To Help Pay Your Property Taxes…

Your property tax bill usually comes out in late November, or early December. There are…

1 week ago

How To Buy Rental Property Without Proving Income…

If you want to acquire rental properties, but you are having issues proving your income…

2 weeks ago

How To Get A Loan With Foster Care Income…

If you receive money from the State or a County sponsored organization for providing foster…

2 weeks ago

Who Can And Can’t Give A Gift On FHA Loans…

FHA gift questions come up often. I wanted to give you the rules on FHA…

3 weeks ago