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Buying & Selling Real Estate

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Jeremy Williams
  • Lender
  • Sacramento, CA
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84
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buying a duplex, conventional loan requires reserve account?

Jeremy Williams
  • Lender
  • Sacramento, CA
Posted Dec 17 2013, 19:28

looking at a duplex and just received a call from a loan officer/broker stating I'll need a reserve account with x amount of money in it since I'm planning to to rent out half the the home. I was going to do that on my own anyway but just wondering if this is normal?

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