Posted on: 15th May, 2007 04:47 am
Hi,
I was going through some information on refinance but got stuck somewhere as they mentioned something like"lost interest" . It said:
"Loan officers sometimes claim that borrowers don't understand lost interest."Is that so, and what is lost interest? In case you need the source "http://news.morningstar.com/article/pfarticle.asp?id=91550&pfsection=Refinance"
Pls explain.
I was going through some information on refinance but got stuck somewhere as they mentioned something like"lost interest" . It said:
"Loan officers sometimes claim that borrowers don't understand lost interest."Is that so, and what is lost interest? In case you need the source "http://news.morningstar.com/article/pfarticle.asp?id=91550&pfsection=Refinance"
Pls explain.
I think it is included within the costs of a refinance loan.