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Mortgage Refinance, Low Interest Mortgage Broker, Commercial Mortgages |
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Should I be charged interest on a mortgage payoff?This is a discussion on Should I be charged interest on a mortgage payoff? within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; I recently refinanced and paid off my existing mortgage, to another lender. My prior balance was $93,891.00, with a 2% ... |
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I recently refinanced and paid off my existing mortgage, to another lender. My prior balance was $93,891.00, with a 2% payoff penalty. The payoff check total was $97,300.00. I was charged $1,877.82 for the penalty; $28.00 release fee, and $2,368.31 for interest. The payoff was made on the 30th day of the month, prior to its due date. Should I have been charged this interest fee?
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