Asked by Mkingery1, 96707 • Fri Nov 11, 2011
I have a very peculiar way of budgeting our finances but it works for us! We have never been late on rent, credit cards in the last 2 years or our car payment. We have 300k in annuity (to be used to show we can cover at least 6mos mortgage) and are being gifted 20,000 for down payment, closing costs are done by seller b/c it's in house. My only concern is that in one of our accounts (we have 4, one is for direct deposit, one for bills I split up so the funds can't be accessed, one for my babysitting/misc. money, and a checking account at a different bank) our direct deposit account, i have had NSF charges monthly (never negative for more than 1-2 days) due to me not checking account daily or unexpected charges and even some that are disputable! If we aren't using any of our 4 accounts as assets can we get away with not having to show bank statements? I think it's possible for the gift to be given and cleared directly with title company and not go through our accounts.
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