Do I make my mortgage payment with current bank before my refinance closes with new bank?
Jill P asked:
My mortgage payment is due the first of each month (today) but I have a grace period until 6/15/09 where I do not get charged a late fee.
My mortgage payment is due the first of each month (today) but I have a grace period until 6/15/09 where I do not get charged a late fee.
My refinance (with a different bank) is scheduled to close before the end of next week. I feel like I might save money if i don’t make the complete mortgage payment that was technically due 6/1/09 because wouldnt that be a payment of interest acrued for the entire month instead of paying per diem on the closing for the interest.
I’m very confused about this whole process and any help would be appreciated!
ok… better safe than sorry. i scheduled the e-payment just now. thanks for the help!
HECTOR
