How To Sell An Asset To Use For Your Down Payment On A House…

When you sell a personal asset such as a car or boat to raise money for a down payment to buy a house here is what you will need to show the underwriter to use the funds…

• The ownership of the asset (proof)

• The transfer of ownership of the asset with its sale, such as a bill of sale or a statement from the

purchaser

• The receipt of the proceeds of the sale, such as a deposit slip, bank statement, or copy of the

purchaser’s check

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

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