What Is Reserves?
Reserves are liquid savings — typically measured in months of the full PITI payment — a borrower has left over after closing, which lenders check to confirm a borrower can keep paying if income is temporarily disrupted.
Reserves are liquid savings — typically measured in months of the full PITI payment — a borrower has left over after closing, which lenders check to confirm a borrower can keep paying if income is temporarily disrupted.