Question by rico g: After refinancing how long dose it take to pay off your existing mortgage?
Hi I just refinanced my mortgage and it closed a week and a half ago. I refinanced with the same company, went online and it showed the new loan on there with the first payment. It also showed the old loan showing a payment.
sorry this old loan showed a balance and a payment due for this month.
Answer by Kenneth D
The existing mortgage is paid off at closing. What you are really concerned about is that it is not showing in whatever system you checked. Call the mortgage company and they should have the most up to date information for you.
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