When you buy a house, at which point the loan as “the box?”

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Posted on Jan 31, 2011 | 6 comments

Is the transfer of funds occurs before / during / after the date of closing? [Wpramazon Asin = "B0012EQ32C"]

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I just bought a house (loan). At what

Should I choose 0, 1/2, or 1 point

Are mortgage loan points tax deductible, if I

For California, do both names on a mortgage

I plan on buying a house in Aug/Sept

Why do mortgage lenders require to qualify but

I am 5 months behind my house. How

im trying to get a house loan for

Dad buying new home and making me owner

My house is paid off. How can I

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Community Answers

1-31-11

sweetsum691 says:

When the title company receives comfirmation of the wire transfer.


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1-31-11

rlloydevans says:

When the mortgage company has released the funds to the escrow company for distribution.


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1-31-11

brian says:

The mortgage is funded when the payment is made from the lender to the seller/builder through a third party (usually a title company).


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1-31-11

ellissanjose says:

When the lender wires the money to escrow.


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1-31-11

Blonde Bomb Shell says:

Once everyone has signed the documents during closing and they get an okay from the lender to fund the transaction…that is when the loan is funded and the checks are disbursed.


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1-31-11

Yanswersmonitorsarenazis says:

I’d consider it funded when the buyer and seller have signed all their documents, including the financing and the deed, and the money is ready to change hands.


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