tag:blogger.com,1999:blog-5409437835427293169.post650275869205197366..comments2023-11-01T23:47:40.024-07:00Comments on South County Girl: Refinance UpdatesSouth County Girlhttp://www.blogger.com/profile/07347142273473958671noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5409437835427293169.post-20635344449257234882013-05-06T20:44:37.099-07:002013-05-06T20:44:37.099-07:00Interest is paid in arrears. So, whenever you cl...Interest is paid in arrears. So, whenever you close, you will pay interest to the end of the month (which is why most closings happen towards the end of the month). Then, you have a month when you don't pay anything, and then the following month you pay your 'interest in arrears'. Does that make sense? If you closed today, you would pay interest from 5/6 to 5/31 at closing, and then nothing for a month. But yes, that is how it works. susannoreply@blogger.comtag:blogger.com,1999:blog-5409437835427293169.post-64259340688610091062013-05-04T21:02:45.301-07:002013-05-04T21:02:45.301-07:00I know... seriously... Who would pay that???I know... seriously... Who would pay that???South County Girlhttps://www.blogger.com/profile/07347142273473958671noreply@blogger.comtag:blogger.com,1999:blog-5409437835427293169.post-16508651833553099922013-05-03T19:50:01.253-07:002013-05-03T19:50:01.253-07:00That's ridiculous. I can't believe your l...That's ridiculous. I can't believe your lender didn't do the math before adding on the points.Nd.chichttps://www.blogger.com/profile/09918828872616125907noreply@blogger.com