The lender is allowed to accumulate a borrower's payments up to a two-month advance cushion at the end of a year. But if a surplus develops beyond this amount, the borrower is now entitled to an immediate refund unless the surplus is less than $50. These rules apply to new loans.
The Dar Walden Team RE/MAX Properties, Inc. 110 W. 38th Ave. Suite 100 Anchorage, AK 99503 Toll Free: 1-888-257-0550 Phone: 907-257-0409 Fax: 907 - 276-4429 Email: TheButlerWaldenTeam@NUMBER1EXPERT.com
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