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 What is meant by pre-paid interest?
george

20-09-2007 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

23-09-2007 06:48



Messages: 21
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.
        
  


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