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What is meant by pre-paid interest?

george
India

2007-09-20 10:13

Messages: 12
Country: USA
City: Des Moines

What is meant by pre-paid interest?

Re: What is meant by pre-paid interest?

maxwell
India

2007-09-23 06:48

Messages: 19
Country: USA
City: new jersey

pre-paid interest be a symbol of the interest that accrues between the day your loan closes and the last day of that month, and the pre-paid interest added to your closing costs. After this one-time prepayment your interest will be included in your regular monthly payments.

Re: What is meant by pre-paid interest?

shiva14

2010-08-14 04:28

Messages: 87
Country: india
City: hyderabad
Job: B.tech
Company: sv

Hi ,
welcome to the forum,
prepaid interest is the interest before to the period of time ,
thanks for sharing,
regards ,
phe9oxis.
http://www.guidebuddha.com

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