Refinancing and current mortgage last payment
while looking over one of the last documents from the refinance lender I noticed a payoff amount from 12/1 and asked if that would be adjusted after I make my 1/1 payment since the closing is on 1/7.
after some confusion, I realized I didn't read the closing statement (some sort of rough cost itemization) which assumed that I wouldn't be making a 1/1 payment and thus the payoff amount included interest for 12/1 thru 1/11( estimated payoff date when they asked for the statement).
so asking the new lending company about this they said I could make the 1/1 payment but then they'd have to ask for another payoff letter fro. BoA which would cost more $$ ($30 each actually).
so my question is - I will technically not make the 1/1 payment thus "missing" it, and that makes me uneasy. the mortgage officer told me "legally we can't tell you to not make the payment...." what the fark is that? FWIW the payoff statement from BoA is the document that estimated the payoff amount WITHOUT a 1/1 payment.