Attention Home Shoppers! Before you give your real estate agent a check to secure a contract on a property…….talk to your lender first!

Related Article Title: Fannie Mae & Freddie Mac – Earnest Money Deposit Proof of Funds: Does Fannie or Freddie require copies of the earnest money deposit check and proof of the funds withdrawn from the clients account? Answer: Freddie Mac: 5501.3: Asset eligibility and documentation requirements (12/09/18) Earnest money deposit (EMD) When an EMD for a purchase […]

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