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What is the purpose of the Interim Interest Payment
Posted by CH2inCA of CA on 5/30/16 12:05pm Msg #553225
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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Messages in this Thread
 What is the purpose of the Interim Interest Payment - CH2inCA on 5/30/16 12:05pm
 Re: What is the purpose of the Interim Interest Payment - Luckydog on 5/30/16 12:16pm
 I agree, Luckdog. I do not explain how nos. are arrived at. -  MW/VA on 5/30/16 3:49pm
 Luckdog is right. NOT OUR OPTION to discuss details! n/m -  Ernest__CT on 5/30/16 3:54pm
 Re: What is the purpose of the Interim Interest Payment - coastal/CA on 5/30/16 12:24pm
 So possibly the disbursment date would change? - CH2inCA on 5/30/16 12:31pm
 I think above post is most accurate, as I understand it -  JanetK_CA on 5/30/16 5:38pm
 Here's how I learned about INTERIM INTEREST PREPAYMENT -  Cheryl Elliott on 5/30/16 1:01pm
 I think this applies to the prorated interest on the CD n/m -  JanetK_CA on 5/30/16 5:41pm
 Yikes!!! n/m -  NVLSlady/VA on 5/30/16 1:26pm
 Yikes is right, I was totally off base. n/m - Luckydog on 5/30/16 2:18pm
 I guess my question really is... - CH2inCA on 5/30/16 2:26pm
 Do NOT give your opinions! -  Ernest__CT on 5/30/16 3:59pm
 Absolutely, we may not discuss how numbers are arrived at -  Cheryl Elliott on 5/30/16 4:28pm
 Re: What is the purpose of the Interim Interest Payment -  NVLSlady/VA on 5/30/16 5:24pm
 You;re not there to explain anything to the BO... -  Cari on 5/31/16 11:20am
 :0) I guess I worded my question and posts wrong - CH2inCA on 5/31/16 11:50am
 Technically, no they don't. But they have to -  Linda_H/FL on 5/31/16 12:16pm
 Re: Interest Disclosure - Bravo on 5/31/16 12:25pm
 Bravo, Bravo! n/m -  Cheryl Elliott on 5/31/16 1:44pm
 Re: Bravo, Bravo! - VonMots on 5/31/16 3:39pm
 Maybe these links will help... -  JanetK_CA on 5/31/16 4:27pm



 
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