x***m 发帖数: 1733 | 1 Recently I just sign a refinance document with a title company. This deal
has an impound/escrow account
where the money put inside of it can be used to property tax and home
insurance. The good faith estimate of
home insurance is 0. In fact, the loan agent also told me there would be no
home insurance which is exactly
what I want.
This is almost a week ago. However, today, the title company informed me
that the condition is modified and
the would ask for another more than $1,000 in addition to w | q****y 发帖数: 593 | 2 they can always change the amount for the impound account to cover things
like the changes of property tax. | x***m 发帖数: 1733 | 3 however, in the fine print they said they can also use it for home insurance
. If so, that totally defeat my
purpose of doing the refinance. This is the part that worries me.
The loan agent to me it won't be used for that and couple days when I sign
the doc, the good faith estimates
of the doc also said the home insurance part is 0.
【在 q****y 的大作中提到】 : they can always change the amount for the impound account to cover things : like the changes of property tax.
| r******d 发帖数: 1879 | 4 the loan agent should have told you that impound includes both property tax
and insurance, and you need to put in 2-4 month reserve in advance. 丑话说在
头里。otherwise the rate could be different by 0.125%.
If you want further advice, contact me by email. |
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