Video Transcript:
Many people think a big down payment is all they need for their house. I see lenders care much more about your money's complete history, not its size. I'm David Ghazaryan. It’s not about the lender being mean. We must follow strict government rules that are made to stop bad people from moving money. The best plan is moving your money to a U.S. account much earlier. I find funds must sit there for at least sixty days to be ready. (Data may vary over time) If your money is a gift, you have to prove it is real. I ensure clients get a special signed gift letter and show the paper trail. Big, sudden cash deposits without a good story are a huge problem. I know this immediately stops the loan because it looks like you are hiding something. I built a full guide on this topic for my website and socials. The complete checklist and more details are in the description with all the links.
Read Blog Here: https://www.iqratemortgages.com/blog/guide-to-foreign-funds-for-a-california-jumbo-loan
