Does how much cash you have in the bank have anything to do with getting approved for a mortgage?
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My own experience with loans on rentals was that lenders would lend only 60% to 70% even though I had a 790 scored and over $200,000 in the bank, $60,000 annual salary, a dynamite balance sheet, and P&L, as both rentals had been generating positive cash flows for many years and this was before the loan industry debacle of 2005 to 2008.
But I do think that, all other things being equal, $100,000 in the bank will go a long way toward getting you approved, though you might need a larger down payment, especially if you want to avoid the PMI cost.
Cash in the bank lets you put more down on the loan. 30% or more. Bank comfort factor goes up.
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