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Rehab With Adj. Rate- Question

Knine profile photo
  • Wednesday, May 28, 2008 @ 10:52 PM EDT
  • 2 Comments
Hello,

We are working on a home with a 1 year adj. rate...when it resets will there be another closing or will it just adjust and the new payment will be sent to us?

Thanks for any info,

Karin
  • (2) Comments
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  • gflarel
    gflarel27th May, 2008
    0
    Reply

    It just adjusts and they send a notice of the new payment amount

  • Knine
    Knine28th May, 2008
    0
    Reply

    Thank you for taking the time to reply.

    Karin

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