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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 20 Oct 2005 10:25:25 -0700
/ Author of the message: "markdiver" |
Title of the message: |
Refinancing Question
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Text of the message: |
Hi, not sure if this is the right group to ask, but, I just refinanced my house, and when we got the closing docs, something did not add up. My new loan closed on Oct 17th, but did not fund until the 19th. The bank and/or title company has charge me interest on new loan as of closing date, the 17th, but I have to pay my old loan until the new loan funds, on the 19th. So I am paying interest on both loans for 3 days. This does not seem right to me, mathematically or ethically. Is this right, or am I getting screwed by the bank and/or title company. Both the old loan and new loan are with the same bank so they should not be able to claim any lag time. Thanks. Mark Stephen . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.