You are here:About>Home & Garden>Home Buying / Selling> Market Facts & Trends> Glossary> Glossary F> Funding a loan - Releasing Loan Funds
About.comHome Buying / Selling
Newsletters & RSSEmail to a friendSubmit to Digg

"Funding a loan"

From Elizabeth Weintraub,
Your Guide to Home Buying / Selling.
FREE Newsletter. Sign Up Now!
Definition: Fund is a verb used to describe the process of wiring money from the mortgage lender to title or escrow prior to closing a real estate transaction. Interest is charged from the day of funding and not from the date of closing because funding often occurs a day or two before closing.
Examples: Many transactions fund and close on the same day.
 All Topics | Email Article | | |
Advertising Info | News & Events | Work at About | SiteMap | Reprints | HelpOur Story | Be a Guide
User Agreement | Ethics Policy | Patent Info. | Privacy Policy©2008 About, Inc., A part of The New York Times Company. All rights reserved.