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jim_ci
New Member

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?

1 Reply
LeeM
New Member

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).

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