My guess is that they would question the timing of such a deposit. When I did a refinance it was a pain in the butt for me as I had been putting larger company charges on my personal credit card simply to get airline miles. I had to write a letter explaining the unusual activity.
Thanks...dont think i will do it, mainly because of the timing as someone said above. Not worried about losing the home or taking out a larger amount than its worth----no interest in that. Also, it was a Fannie owned home and this is bring done by a different lending institution, so Im not too concerned on that front.
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