Can it be regular process for the a closing report to make the borrower shell out a full times attract into the dated loan having the latest week the loan closes?
Shirley – Basically has a choice, I would personally like to romantic it when you look at the an area payment agent’s work environment and you can face a bona fide settlement broker. A moving notary can make particular explanation even so they don’t know all answers. Select my knowledge of Mortgage Refinance Done.
Why must somebody go with having fun with an effective Notary in the a location of your borrowers options, instead of an agents work environment? Could there be something sly otherwise underhanded going on by the a great mate?
Absolutely nothing sly otherwise underhanded. In the event the each other brands are on brand new name, each other need certainly to indication. It is easier having somebody come your way, such as during dinner time at work.
Back at my estimated closing statement that has been on account of intimate it billed me notice to your dated financing ten/step 1 to help you 11/step one (attention to have whole month) even though I produced october step one commission on dated loan hence I understand pays interest having charged on the newest financing are through .
2. Would you score a cards back when it discover funds investing of old loan because you paid back desire for your week on old loan at closing?
We closed toward 11/2, closed and you may funded so you can escrow into the eleven/six he or she is now informing myself my dated financing will be paid down with the . 10+ days of overlap notice. Continue reading Such like old loan shouldn’t i recently feel charged ten/step one via ?