Proof of funds: When you have to have it in your account? - BIG QUESTION!

[Sadruddin]

Since they say all criteria needs to be met at the time of submission of application, but on the other hand they do not ask you send any document at the time of SAP, my question is -- when should I have to have funds in my account or value my real estate and show everything as proof of funds? .....is it at the time of submitting my SAP and keep a record of the proof in my own file or I really need this only when they ask to send all documents later on.

PPM and others - pls help.

 

[qbanky]

As long as you are able to show evidence of funds for at least the previous 3-6 months, that will be alright. Most times they will ask you to show them further evidence later during the process again...So I would suggest if you need to use the money, go ahead but let your account show your ability to generate as much money as you spend!