question about closing date# Living
z*e
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Hi, I am in the middle of refinance.
I received closing disclosure, and have some questions. On the closing
disclosure it said
closing date: 3/14/2016
disbursement date: 3/18/2016
what is the disbursement date? Is it Funding date? I remember I should avoid
funding on Friday.
Also, on the closing disclosure it said:
Prepaids:
Prepaid interest from 3/18 to 4/1: $xxxx
Property tax 3 month: $xxxxxx
Does this mean the new loan starts on 3/18, and I am prepaying the interest
from 3/18 to 4/1, and the first mortgage payment will be on May 1?
My old loan payoff quote said it is good through 3/18.
How do I know when the old loan will be closed?
Thanks
I received closing disclosure, and have some questions. On the closing
disclosure it said
closing date: 3/14/2016
disbursement date: 3/18/2016
what is the disbursement date? Is it Funding date? I remember I should avoid
funding on Friday.
Also, on the closing disclosure it said:
Prepaids:
Prepaid interest from 3/18 to 4/1: $xxxx
Property tax 3 month: $xxxxxx
Does this mean the new loan starts on 3/18, and I am prepaying the interest
from 3/18 to 4/1, and the first mortgage payment will be on May 1?
My old loan payoff quote said it is good through 3/18.
How do I know when the old loan will be closed?
Thanks