1. Home
Send to a Friend via Email

Discuss in my forum

Funding a loan


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.

Many transactions fund and close on the same day.

©2014 About.com. All rights reserved.