Mortgage Conditions: Assets

Learn which assets can fulfill your loan conditions and the required documentation. Assets include bank statements, financial institution statements, investment accounts, and stocks. Items like gold bars, cash under the mattress, or certain cryptocurrencies are not acceptable. Gifts from family or second-degree relatives are allowed. You will need an anchor statement from your bank and a summary statement covering recent transactions. This ensures a smooth and hassle-free transaction.

Key Takeaways:

• Explanation of acceptable assets for loan conditions.
• Required documentation: anchor statement and summary statement.
• Guidelines on acceptable gifts and non-qualifying assets.

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