I misunderstood the situation we have here. Please offer your opinion on the situation below.
A current bridge loan that is maturing and will be converting to an ARM loan and amortized out, but it will be paid off when the loan on the existing home sells. New ARM is an HPML. Collateral on new ARM is existing home, new home and rental property. Will all escrow need to be set up for expenses on all the properties used as collateral?