Home Loans
What Are My Cash Reserve Requirements?
(presented by www.refinance-refinance.net - mortgage lenders)
By Ben Afzal
Mortgage lenders will often approve a refinance loan or a purchase mortgage and make the loan contingent upon several loan conditions.
One of the most critical factors may be cash reserve requirements.
A cash reserve is a certain amount of money a borrower needs to show they have on hand in order to get a new mortgage loan.
This can be defined in terms of months
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