Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are reserve requirements?

requirements Reserve
0
Posted

What are reserve requirements?

0

• These are rules of a bank and a co-op board that require you to have a certain level of post-closing liquidity, usually funds to cover 3-6 months of mortgage payment and any associated carrying costs.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123