Home › Forums › Other › What happens to your money if you overpay into your impound account? › Flu, The interest rate on
Flu, The interest rate on your note is your interest rate. I don’t think that you have a 1.18% rate.
Where did you see that a servicer must pay you 2% ? Interest is required to be paid in 15 states, (Including CA) but I’m not aware of a minimum %.
I doubt that any servicer would allow that type of money to sit in an impound acct very long. They would most likely return it to you.
