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If you can not give a spend stub for your new position, you are also needed to meet a monetary reserve requirement. You should hold savings in reserve at closing equal to six months of total month-to-month housing expense -- which includes your mortgage payment, property tax, homeowners insurance and HOA dues, if applicable. You are accountable for reading, understanding and agreeing to the National Law Review's (NLR’s) and the National Law Forum LLC'sTerms of Use and Privacy Policy just before using the National Law Assessment web site.


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