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Retained earnings do not constitute an asset. They are an equity account on the balance sheet that shows the total profits that a business has retained and put back into the company instead of paying out dividends. They form part of the shareholders' claim on the company's assets.

It is difficult, but it is feasible. You are viewed as a higher risk by lenders. Making a sizable down payment, finding credit unions or specialized first-time buyer programs, or finding a cosigner with good credit are your best options. In most situations, be ready for a higher interest rate.

First, sign up for Zelle using the online banking or mobile app of your bank by providing your U.S. email address or mobile number. You don't need to do anything more after enrolling; funds sent to your enrolled contact method usually show up in your bank account in a matter of minutes.