MICHIGAN INVESTOR LOANS
What Are Reserves? Reserves are liquid or near liquid assets that are available to a borrower after the mortgage closes. On every loan transaction, reserves are required to be verified as part of the approval process. Acceptable sources or reserves […]
The majority of this website and it’s content is geared towards purchase loans mainly because the investment property buying process is the similar to that of a refinance loan and because buyers typically have more questions than current homeowners. That said, here are a few sections that are specific to refinancing.