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#SHORTS Why u can't use cash for downpayment (CASH IS TRASH)
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Don’t 👏🏽 save 👏🏽 cash 👏🏽 ⁣

If you’re looking to buy a home you will NOT be able to use cash towards your down payment! 💵 ⁣

Lenders need to verify where exactly the money is coming from, and cash, is just untraceable!⁣

Now let’s get into how much money (money saved in a bank account with traceable deposits 😉)⁣

You will not always need to put 20% down! Your best bet is to start working with a lender to evaluate where you are at right now and create the best possible action plan!⁣

Securing a better interest rate will always be the best route to save the most on your home! 🏡 ⁣

Comment below with any questions! 📲 ⁣
..⁣

#homeowners #homeowner #homeownership #realestate #sandiegorealestate #mortgage #loan #VAloan #sandiegoliving #housingmarket #homeprices #realestateinvesting #realestatetips


#SHORTS #YOUTUBESHORT #short
About James S Carmody:
James Carmody is a Partner and Vice President at Synergy One Lending, Inc. As a top 1% Lender Nationwide and branch manager, James has a reputation of helping buyers get the best interest rates within record times for over 20 years. James is passionate about helping others learn about personal finance and debt management because over the years he's been able to help thousands of clients reach their goals. James is a husband and father of two boys who loves to spend time with his family at the beach or biking trails on his days off. As a family man, he is driven to share financial education tools in easy to understand videos so that he can help individuals and families do more with their money. James Specialties: Residential lending, renovation lending, multifamily lending, debt management, personal finance, investing, marketing, networking, connecting, fund raising, and speaking.

Contact us today:
Website:
s1l.com/loanofficer/jamescarm...

Branch Manager | NMLS: 308051

Phone: (858) 525-3086 | Email: jcarmody@s1l.com

3131 Camino Del Rio N., Ste. 150
San Diego, California 92108

Let's Connect:
Instagram: www.instagram.com/jamesscarmody/
Facebook: www.facebook.com/thecarmodyteam
Linkedin: www.linkedin.com/in/jamescarm...
YouTube: youtube.com/channel/UC7Dk…
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Uploaded At Nov 2, 2022 ^^


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