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James Park
Pro Member
  • Real Estate Broker
  • Johns Creek, GA
662
Votes |
870
Posts

Escrow requirement for SFR rentals

James Park
Pro Member
  • Real Estate Broker
  • Johns Creek, GA
Posted Jun 8 2012, 13:00

My mortgage broker told me today that I will be required to have an escrow account on my new purchase of a SFR investment property due to a recent change in Fannie guidelines. For those of you who investment in SFR rentals, do you normally waive escrows or is it good practive to have an escrow account.

Thanks.

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