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 What is the purpose of the Interim Interest Payment
Posted by CH2inCA on 5/30/16 12:05pm

Interim Interest Payment Disclosure?

Choices listed are just impossible to explain, and mainly hypothetical since the disbursement date is already set and agreed upon before we get to the table.

Can anyone explain the choices to the borrower and come away feeling like it makes sense TO THE BORROWER?

Is it just me or does it seem that if you're at the table signing, then that 'choice' has already been set?

Not to mention that often the form has blanks where the interest should be listed, making it impossible for the borrower to make an informed choice.

Maybe I'm missing something.
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