Question by lana7180: What is this extra money on my refinancing application?
I am refinancing my mortgage and there is a line that says refinance which is my loan amount, plus about $ 860. Then the next line says prepaid items, which I assume is my escrow that is unpaid. Then, the next line is my closing costs. My question is what is the extra monetary amount that is added to the principal of my mortgage?
Answer by Jessica Catapano
No one will know the best answer unless you ask your mortgage broker or someone at your bank. They would be able to explain it best since they put that amount there.
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