The lender is allowed to accumulate a borrower's payments up to a two-month advance cushion at the end of a year. But if a surplus develops beyond this amount, the borrower is now entitled to an immediate refund unless the surplus is less than $50. These rules apply to new loans.

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Jane Walters
Prudential CT Realty
69 East Avenue
Norwalk, CT 06851
203-899-3236
Fax: 203-857-7842
JaneWalters@NUMBER1EXPERT.com

For information on the First-Time Homebuyer Tax Credit, go to my Home Page, click on "Buyer Information" and then click on "First Time Homebuyer." As an Accredited Buyer's Representative (ABR), I'm happy to help you with your first home purchase. I’m a full-time, top producing Realtor and although it may sound like a cliché, I love what I do. For over a decade, I’ve worked with buyers and sellers in Norwalk/Rowayton and the surrounding communities of Wilton, Darien and other areas of lower Fairfield County. I’m a lifelong resident and I know the area well. Take a look at my website and you’ll find property listings, community information, school reports, mortgage information, real estate tidbits and much more – it’s one stop shopping! When you’re ready to move forward, I’m here to help you with your real estate needs.