Tuesday, January 1, 2013

Refinancing? Don't fall for 'skip the 1st payment' suggestion - 9NEWS.com

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Refinancing? Don't fall for 'skip the 1st payment' suggestion

9NEWS.com


Many lenders will tell borrowers they can skip the first payment, depending on what time of the month the loan closes. However, there is not really any "skip." That missed payment folds into the loan and borrowers will pay interest on it and perhaps a ...



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