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Joined 2 years ago
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Cake day: June 24th, 2023

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  • Banks typically ask for you to have cash in hand (deposited), or equivalent leverage, to qualify for loans in the first place.

    The bank I used actively tried to get me to go with less down payment, and subsequently take out a larger loan.

    But yes it is the height of idiocy to say, ‘down payment deposit’ when ‘qualifying assets’ is a more accurate term for the transactions function.