Asked by A M, Los Angeles, CA • Mon Mar 11, 2013
loan.. Is this typical?
"Servicing" refers to collecting your principal, interest, and escrow payments, if any, as well as sending any monthly or annual statements, tracking account balances, and handling other aspects of your loan. You will be given advance notice before a transfer occurs. We may assign, sell or transfer the servicing of your loan while the loan is outstanding.
--Shouldn't I want them never to sell the loan? They are also asking for an upfront advance fee of $450.00 for courier, appraisal, etc. Please help! Thank you
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