Loan was sold to another lender what do I enter for "Balance on January 1, 2019 or final principal balance"?

This question is asked both for old loan and the new loan. What is the answer for each?

posted

Connect with an expert

1 Reply

Loan was sold to another lender what do I enter for "Balance on January 1, 2019 or final principal balance"?

You would enter the final principal balance before that loan was sold/refinanced. So, you would enter the amount refinance (minus any early payoff costs).

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post