Can I skip this month mortgage if I’m refinancing next month?
Sherwin T asked:
I bought my house a year ago at a very high interest rate. and I have made all my payments on time every month. But now I am in the process of refinancing my mortgage with my current lender to a lower interest rate. And they said I should close by the end of July. Can I skip July1st mortgage because basically it is only interest. I tried to take out money but the appraisal came in too low. And I need the money to pay several outstanding bills
ORVILLE
I bought my house a year ago at a very high interest rate. and I have made all my payments on time every month. But now I am in the process of refinancing my mortgage with my current lender to a lower interest rate. And they said I should close by the end of July. Can I skip July1st mortgage because basically it is only interest. I tried to take out money but the appraisal came in too low. And I need the money to pay several outstanding bills
ORVILLE
