Newsflash: Moving money under contract

Down payment money is sitting in a dedicated high yield savings account. This money needs to be transferred to, you know, pay the down payment, ideally to local checking/savings first. At that point, the high yield account should be emptied and in all likelyhood closed. Will closing this account matter?I know that you’re not supposed to make significant changes to your credit after you’ve mortgage (pre-)approval for sanity’s sake — but I’m also sure that what I’m concerned about is something that 95% of all home buyers do and is therefore Not A Big Deal.At this point, I’m under contract, everything is approved and just waiting for closing — is there any reason to wait to move the money (other than losing a few days of “high interest”)?

Read more at https://www.reddit.com/r/RealEstate/comments/6bzczl/moving_money_under_contract/?utm_source=ifttt

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