What happens to the Interst that i paid on my frist mortgage when i refinance.

Hi harbu,

I guess, you had a primary loan and you refinanced it. The interest that you paid went towards paying off that loan. As you refinanced the existing mortgage, you paid off the whole amount with the new loan. From now onwards, you would be paying according to the new terms and conditions given to you by the lender when you refinanced.

Thanks

agreed...the interest you've already paid is in the "pockets" of the lender to whom you made those payments. anticipated interest - such as showed up on your truth-in-lending documents with that lender - is nevermore (quoth the Raven).

I would have to agree with the gentlemen above. The interest you paid on your first loan went to the institution kind enough to lend out the dollars to purchase your home.