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Max Escrow Cushion

How do we know when a cushion is allowed?

Your loan documents will indicate if a cushion is to be kept, and in what amount. RESPA tells us a 1/6th of anticipated payments cushion is permitted, but your documents should also provide for the cushion. And don’t forget state laws, which could be more restrictive than RESPA.


Learn more about Andy Zavoina’s Escrow Rules

First published on 10/24/2021

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