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Funding a loan

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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.

At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

Examples:
Many transactions fund and close on the same day.

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