Sunday, September 05, 2010

Can I pay my own taxes and insurance?

When a loan is originated, the mortgage documents specify the escrow conditions. This has become a standard practice for all mortgages, including FHA, VA and conventional mortgages.  Occasionally on conventional loans, FRFCU waives the collection of escrow requirement at closing if the member has a minimum 20% equity position in the property.

Dennis Amaral
Davis & Amaral Mortgage Consultants
Ph: 916-933-9343   -  Fax: 916-933-9401
877 Embarcadero Drive Ste. 1
El Dorado Hills, CA 95762
www.davisandamaral.com

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