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Impound account
April 27th, 2011 9:52 AM

For some states, impound account is required.
Everyone thinks it's normal to have it.

But in California, it's optional to have.
For the current market, I would recommend
those to have 5/1ARM program. Three simple
reasons:

1)Non-impound rate will be 0.25% higher
2)We can cancel impound after closing
3)This will help to get no closing cost
loans under current LO compensation regulation.

Email me if you have any questions


Posted in:General
Posted by Eric Fang on April 27th, 2011 9:52 AMPost a Comment

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