Re:The window to deploy surveillance-resistant systems is ru...
by throwawaygh on Wednesday January 26, 2022 @02:22PM
(#30090409)
Right. I think I must've got my edit in after you posted.
> They object when there's a recent transfer/deposit of that money because it could indicate an undocumented loan, throwing off the debt to income calculations.
Right. It's not some authoritarian plot. They just wanna make sure you're not a fibbing about your net worth before handing you a giant stack of their money. If you can prove the money is yours then they're fine.
That's actually incorrect, to my understanding. If you have 100k in your bank account for a year, the lender doesn't care when you pay your down payment out of that regardless of where it came from. They object when there's a recent transfer/deposit of that money because it could indicate an undocumented loan, throwing off the debt to income calculations.