Here goes a stupid question. Our bank has recently started offering fixed rate long term loans (10, 15, 20 & 30 years). Are we required to escrow for taxes and insurance or do we have to be able to escrow these if the borrower wants the option? We are not currently able to do this and I want to make sure we're not messing up by not offering it.
THANKS!
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I went to an office and was respected as a human being and my opinion was appreciated. Guess what? I was in the wrong office!
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