Comments on: Impound fees with Mortgage http://www.buythatduplex.com/2008/10/impound-fees-with-mortgage/ Real Estate Investing for Beginner Investors Wed, 02 Jun 2010 16:40:54 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Clifford http://www.buythatduplex.com/2008/10/impound-fees-with-mortgage/comment-page-1/#comment-12 Clifford Wed, 18 Feb 2009 22:37:13 +0000 http://www.buythatduplex.com/?p=83#comment-12 Bank of America calls it an Impound Account(http://www.bankofamerica.com/espanol/loansandhomes/index.cfm?template=learn_tafaq_home_buying&context=en#impescaccount). Wells Fargo also references them as Impound fees (https://www.wellsfargo.com/mortgage/glossary/e) Clarion Mortgage refers to Impounds (http://www.conventionalloans.org/faq.html). Bank of America calls it an Impound Account(http://www.bankofamerica.com/espanol/loansandhomes/index.cfm?template=learn_tafaq_home_buying&context=en#impescaccount).

Wells Fargo also references them as Impound fees (https://www.wellsfargo.com/mortgage/glossary/e)

Clarion Mortgage refers to Impounds (http://www.conventionalloans.org/faq.html).

]]> By: Mark http://www.buythatduplex.com/2008/10/impound-fees-with-mortgage/comment-page-1/#comment-10 Mark Sat, 07 Feb 2009 19:46:13 +0000 http://www.buythatduplex.com/?p=83#comment-10 Its not called impounded... Its called Escrow and almost every lender out there requires your taxes, insurance and PMI to be escrowed if you are over 80% LTV or 78% LTV for FHA. Most people should escrow, they are too irresponsible not to. Its not called impounded… Its called Escrow and almost every lender out there requires your taxes, insurance and PMI to be escrowed if you are over 80% LTV or 78% LTV for FHA. Most people should escrow, they are too irresponsible not to.

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