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Originally Posted by Agnosticism
As for all the other comments, it is pretty much everything that I have knowledge of. It is better paying with traceable money when putting a down payment or buying a house. I just assumed when people mention "CASH" about buying or putting a down payment on a home they meant literally. Guess cash isn't king when it comes to mortgage business (buying that is) Thanks for all your comments, I was expecting a bunch of useless posts. More knowledge appreciated  |
I think most people mean they wrote a check
Its a figure of speach. If you went thru some one like wells fargo I am sure they would have no problem if you gave them 9k cash. It will however be on record "flagged" any cash transaction over 10k (In cali anyways from what I believe)
They will also most likely depending on the terms of you loan and the loan to value ratio want to see some sort or bank accounts and financial records
Good luck on the purchase..