Sentences with phrase «diem interest»

If the loan is scheduled to close and fund on the 25th, there will be 25 days of per diem interest added to your loan payoff.

Note that the prepaid expenses may include per diem interest through the end of the month for the new loan, hazard / flood insurance premiums, mortgage insurance premiums and property tax deposits needed to establish the escrow account.

One is per diem interest which means that interest is to be paid from the day of closing to the first day of the following month.

The lender will be giving them a mortgage discharge statement in advance, to indicate what will be payable on the closing date, as well as a per diem interest if they do not receive the money typically before 2 pm.

If you close a refinance on the 3rd of the month, for example, you should pay per diem interest for three days to the old lender, and for 28 days to the new lender.

The borrower is responsible for payment of per diem interest and property taxes and insurance premiums (if due).

In addition, some prepaid items such as per diem interest and escrows for PMI or prepaid PMI, FHA upfront MIP (Mortgage Insurance Premium), and the VA (Veteran's Administration) funding fee are considered finance charges.

APR calculations exclude any third party fees and per diem interest.

APR calculations exclude any third - party fees and per diem interest.

For the remainder of the month in which you close, you will have to pay per diem interest.

One of the more common pre-paid items is called «per diem interest» or «interest due at closing.»

This is called «per diem interest».