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#2197610 - 11/07/18 12:32 PM Paying off an in-house HELOC
Heather Offline
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Registered: 03/15/17
Posts: 14
We are terming out a HELOC. New rate and terms apply so we plan on issuing LE and CD. Where do I want to disclosure on the LE and CD the interest due on the HELOC? Avoiding capitalizing on the interest.

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TRID - TILA/RESPA Integrated Disclosures Rule
#2197622 - 11/07/18 01:06 PM Re: Paying off an in-house HELOC [Re: Heather]
RR Joker Offline
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Registered: 11/15/02
Posts: 20196
Loc: The Swamp
You don't. It will end up part of the cash from as you will use your payoff in 'payments and payoffs' section. Your new loan amount won't contain the interest due so by default, your bottom line will reflect the cash due from.
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My opinion only. Not legal advice.

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#2197631 - 11/07/18 01:18 PM Re: Paying off an in-house HELOC [Re: Heather]
Heather Offline
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Registered: 03/15/17
Posts: 14
Ahh I didn't think that one through.... thank you!

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