Home Buying / Selling

  1. Home
  2. Home & Garden
  3. Home Buying / Selling

by Janet Wickell
for About.com

“Prepaid Interest”

Glossary

Definition: Interest you pay at closing to cover the period from the the time the bank funds your loan (the day before or day of closing) to the date your first payment is due.

Explore Home Buying / Selling

About.com Special Features

Home Buying / Selling

  1. Home
  2. Home & Garden
  3. Home Buying / Selling

©2009 About.com, a part of The New York Times Company.

All rights reserved.