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re: Question about Closing for Mortgage Refi
Posted on 4/24/13 at 2:45 pm to Vlad The Inhaler
Posted on 4/24/13 at 2:45 pm to Vlad The Inhaler
quote:
What is the reason you pay and entire month of interest when paying off loan? Is it because you skipped the first month at the beginning of loan?
your last payment was probably at the beginning of the month so you have to pay interest up to the day the lender is paid for the loan.
quote:
Also, would there be any reason to anticipate not receiving my current Escrow money back?
pretty sure they have 30 days to return the money to you.
disclaimer: i am not a loan officer, but i've bought and re-fi'd several properties over the years.
1
Posted on 4/24/13 at 2:48 pm to ashy larry
quote:
disclaimer: i am not a loan officer, but i've bought and re-fi'd several properties over the years.
Thanks. I don't think I'm getting screwed, but never had a refi and just want to make sure I'm not missing something obvious.
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