They'll likely be required to show extra personal financial reserves, which are
accessible liquid assets available to withdraw from after their mortgage closes.
Not exact matches
In the area of liquidity, again, new rules and regulations have raised both the absolute level of liquidity in firms and the quality of
liquid assets (that is,
assets that are readily
accessible).
Liquid assets, such as those readily
accessible in a checking or savings account, are always helpful when applying for a home loan, and are almost always a necessity for a first - time home buyer.
These documents must reflect the total sum of tuition, fees and living expenses for the entire course of study and must be in a readily
accessible form such as
liquid assets.
«Remaining
liquid assets» are defined as your available funds in bank accounts such as checking, savings or money market accounts that are readily
accessible without withdrawal restrictions or penalties after you have met any out - of - pocket settlement requirements from your own funds.