When purchasing a property, your downpayment source matters to lenders. Here's why:
Anti-money laundering: Lenders must document the source of your downpayment to comply with regulations.
Financial suitability: Your downpayment source indicates your financial readiness to buy the property.
Loan to value ratio (LTV): Your downpayment determines the LTV ratio, influencing the maximum loan amount you can receive.
Let's chat to ensure you meet lender requirements and secure your dream home! 🏡
