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Answers (2)
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
There is no guarantee you'll close on the 12th, is there?
If you can pay it, pay it. You'll get the overage back at closing. ... Happy funding, Rudi
If you can pay it, pay it. You'll get the overage back at closing. ... Happy funding, Rudi
- Chris Jones, "Christopher Jones"
- Contributions:135
You will not be credit late, but you might be "lender late". Credit late is no payment past the last calendar day of the month, so you're okay there. "Lender late", the point where the lender considers you to be late and levies an interest charge, is usually the 15th, but it can be the 10th, depending on your lender. Your loan documents from the previous loan will tell you. On a refinance, if you close on the 12th, your earliest funding date - the date when the new lender advances funds to pay off the previous loan - is the 15th, so the odds are that you will be lender late.
is current morgtgage payment late if refinanced close on 12th?
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