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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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General Discussion
#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.
Al Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

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