Mortgage reserves to buy a home are funds that you will have after closing. So you can make your payments if your income stops temporarily or you have an unexpected financial emergency.
from Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports https://ift.tt/2pAxecl
via Naza Finance Blog
Monday, 24 September 2018
Down payment and closing costs are not enough: You need “reserves” to buy a home
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