Step 22 To Buying A Home: Get Your Downpayment Ready

After you sent the 90-day bank statement and the  mortgage lender (bank) accepted your proof of downpayment, it’s time to transfer all your downpayment to one account so that it will be easy to wire or deposit the money to your lawyer’s account in trust. If you are putting a big downpayment, please contact your bank ahead to know your transfer limit. The lawyer will instruct you on how to transfer the downpayment. do not close your accounts once you transfer the money even if it’s almost zero balance. You can do that after closing if you wished to.