I just got an email reply from my loan officer:I will explain it [lines] 1002, 1004 and 1320 are paid at the time of the closing because the taxes and HOI requires to have resolved before completing the rate re-finance. If you look a 206 you receive a credit (amount that’s already n your escrow) for prior loan. So Chase has to reestablish your escrow account. Also, when you see your new statement it should reflect the breakdown of escrow and principle.I still don't see how the numbers add up. There's about $2100 being added to the loan balance to cover property taxes and HOI (line items 1002, 1004, and 1320). I now see that I'm receiving a credit for $915, which is supposed to be what's in my existing escrow account. Where does that extra $1185 go?
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