Rehab With Adj. Rate- Question

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

Comments(2)

  • gflarel27th May, 2008

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

  • Knine28th May, 2008

    Thank you for taking the time to reply.

    Karin

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