FYI with JVP🎙🏠

What does "proof" of funds and "seasoning" of down payment mean? (S5 E17)


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Realtor John V. Pinto and Abel Fregoso, Senior Loan Officer at Homebridge Financial Services, discuss what used to be known as "Verification of Deposit & Proof of Funds".  What are "seasoned funds"?  How are bank account, stock and IRA/401K statements looked at by a lender?  

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FYI with JVP🎙🏠By John V. Pinto, Realtor

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