Definition of Mortgage Seasoning – Budgeting Money – Seasoning exists to prevent flipping schemes. Popular in the years leading up to the housing bust of 2008, flipping happens when an investor buys a property and sells it on at a profit within 12 months, often with an artificially inflated value.
On The Case: Seasoning Money, Screenshots, and Rate Locks. – "Seasoning" is an odd term in mortgage jargon, but its meaning is very serious. Due to crackdowns on regulations concerning home loans, it is critical that all of a potential buyer’s assets and income can be thoroughly verified, sourced and tracked.