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Author Message   Esscuseme Kurra Bewarse Username: Esscuseme Post Number: 1247 Registered: 03-2005 Posted From: 104.183.243.230 Rating: N/A Votes: 0 Posted on Friday, March 17, 2017 - 1:17 pm:    Jaffaa: Yes, usually banks ask to have reserves. Whether banks ask or not, it's always good idea to have 6-9 months of reserves for any untoward happenings or for rainy day. You don't need to go with BoA, you can shop around to find your own broker/agent but make sure the align with your contract dates (thats imp). X number of credit enquiries in a month period should not impact your credit history as they account all the enquiries as part of mortgage shopping. But don't go too overbaord, 5-6 is the norm.