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Updated about 13 years ago on . Most recent reply

Escrow requirement for SFR rentals
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.