APPLY NOW

Why Do I Need to Source and Provide a Paper Trail for My Bank Deposits and Transfers?

Any one deposit that exceeds $500 will need to be sourced and a paper trail provided. The reason is, the underwriter needs to ensure you have not taken on additional debt which would impact your DTI.

Knowledge is power so keep reading and learn about more loan underwriting requests.

Continue Your Guaranteed Rate Education

When Should I Lock My Rate?

This article is intended for educational purposes only and should not be interpreted as a recommendation. The information in this article is not an indication of program availability. Always consult with a mortgage professional before making a decision on a home loan. 


Your mortgage. Your way.

Get started on your Digital Mortgage!
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.

Error

Error finding/creating content for articleFeatured

Add new content