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I understand this isnt a normal conforming loan, but this feels rather bait-and-switch… Id appreciate any background info on how this might happen and also any advice you may have. Thank you.
Probably best to ask your lender when you should move the money to ensure it runs smoothly. Hi, Im buying my first home and will be using a rollover IRA to cover my closing costs. Funds are from my previous employers 401k and have been in the IRA account about a year and half.
My question is should I move the funds to my personal checkingsavings account now or transfer the finds right before the closing date in mid-July.
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