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#143700 - 12/29/03 03:21 PM Real estate loan - 1st payment due
HR Banker Offline
Diamond Poster
Joined: Oct 2002
Posts: 1,027
Where can I find information showing how many days are allowed before the first payment is due on a mortgage loan?

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#143701 - 12/29/03 04:07 PM Re: Real estate loan - 1st payment due
beaten blind Offline
Gold Star
Joined: Oct 2003
Posts: 473
the Bat Cave
This is generally a matter of state law. Try looking there first.

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#143702 - 12/29/03 04:52 PM Re: Real estate loan - 1st payment due
Al Miller Offline
Diamond Poster
Al Miller
Joined: Oct 2000
Posts: 2,416
Pleasanton CA USA
Will the loan be sold in the secondary market? If so, you will have to follow the investor rules as well.
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Al Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

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