mortgage per diem

Per Diem Interest Definition | Investopedia
Per diem interest is calculated and paid at loan closings. It is the pro-rated amount of interest due for remaining days in a month. For example, if a mortgage .

Mortgage Closing Date: Does it Matter? - Mortgage Professor
The Mortgage Professor. Guiding borrowers to the right decisions. Protecting borrowers from mortgage predators. Home . This is called "per diem interest".

Step 1

How Do I Calculate Per Diem on a Mortgage? | Home Guides | SF ...
Per diem interest is interest on a mortgage loan which is calculated for one day. While interest is always paid in arrears when making mortgage payments, there .

Step 2

How to Calculate Per Diem on a Mortgage | eHow.com
How to Calculate Per Diem on a Mortgage. The per diem on a mortgage is the daily interest charged to the borrower. This number matters when a borrower is .

Step 3

Does per diem interest affect refinance? - Mortgage - Bankrate.com
Mar 7, 2011 . There will always be interest due in a refinance, but the timing is what counts. To learn more about refinancing your mortgage, visit .

Per diem interest charged in refinance | Bankrate.com
Jun 3, 2011 . In refinancing, there can be overlapping days when you owe mortgage interest to both banks. Consult Bankrate.com when it comes to .

Tips & Warnings

  • How to calculate Per Diem interest? - Mortgage Answers
    To calculate Per Diem interest, it is enough to know the daily interest rate of the mortgage. Per diem interest is the interest borrowers pay at closing before their .

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Expect to pay 'per diem interest' on mortgages - mortgage-calc.com
Mar 29, 2012 . Per diem interest is the daily interest charge for each day from your closing date through the end of the month.