Cash out bitcoin 2+ months before buying a house

My wife and I are purchasing a house. The lender says we need more cash on hand to qualify for the loan.

Me: No problem. I have $ 10,000 in Bitcoin.

Lender: We don't count Bitcoin.

Me: Okay. No problem. I can transfer the Bitcoin to my bank account in dollars.

Lender: We don't count Bitcoin as a funding source. So you can't count your $ 10,000 as legitimate down payment funds.

TL;DR: You must let your BTC sit as USD in the bank for at least 2 months before applying for a loan.

submitted by /u/wesblog
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