Question by sissy: How long does it take to pay off existing mortgage after refinancing?
Answer by TPM
Your previous mortgage is paid off at closing on your refi.
I read your previous question.
If you closed yesterday or today then your loan should fund in 3 business days, which will mean your old mortgage will be payed off before February and you won’t have to make the payment. (February payment that is, you probably have to make the January payment if you have not already)
What do you think? Answer below!