We are currently renewing a real estate note (1-4 family owner occupied) which will payout in 36 months. Are we required to escrow on a renewal if the rate is higher than the APOR?
thank you, Sandra
Re: Escrow
We are currently renewing a real estate note (1-4 family owner occupied) which will payout in 36 months. Are we required to escrow on a renewal if the rate is higher than the APOR?
thank you, Sandra