Q&A: Can you be late on your current loan during process of refinancing w/another mortgage company?

Question by ski w: Can you be late on your current loan during process of refinancing w/another mortgage company?
My current loan will be 30 days late in 8 days. I do not want to pay current lender another payment! Will the company I’m working on refinance with check my credit anymore before closing the loan?

Best answer:

Answer by Miss V
Yes. You’ll have to complete your refinancing before the 8 days is up.

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