Lender called me today saying that we can not cancelthe impound right after closing. You will have to staywith the lender for 6 months before cancelling impounds.
You can choose higher rates without impound, but if we choose impound account, we will have to stick withthe impound account for 6 months.
Beside, I have impound account . And it's not thatbad.
Eric Fang Mortgage Blog
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