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Documenting
Your Assets – Verifying Your Down Payment
Stocks,
Bonds, Mutual Funds, etc.
Most of those
who own stocks get a monthly or quarterly statement from
their brokerage. You will need to supply statements for the
most recent sixty or ninety days in order to document these
assets.
Though it is rare
nowadays, some people actually have stock certificates instead
of having a brokerage account. When this is the situation,
make copies of the certificates and provide those copies
to your lender. You might also want to supply tax records
to indicate you have owned these stocks for some time.
If part of your
down payment will come from the sale of stocks and investments,
you will need to keep all documentation that applies to the
sale. Keep a copy of the check or wire used to deliver
the funds to you, and a deposit receipt for wherever you
deposit the funds.
Provide these
copies to your lender.
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