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Refund of Escrow Funds

Mortgage Library: Ask a Mortgage Related Question: Answers: Refund of Escrow Funds

Question:

Refinance of mortgage, no new escrow to be set up, how quickly can the paid-off lender refund these funds?

D. H.
Cypress
Texas

Answer:

The general response from lenders is that you will receive the money within 4-6 weeks from the date of funding.

Rick Lanicek
Mercantile Mortgage Corp
17950 Preston Rd Ste 50
Dallas, TX 75252-5657
(972) 705-9721
(800) 256-0817 Ext 202
Mobile (214) 552-6125
eFax (972) 692-7260

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