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Can I Skip My Last Mortage Payment And Use It To Pay $1000 Off Of My Home Equity Loan Before Closing?

I have a Mortgage payment due Novemeber 1. The place is going to be sold Novemebr 14. I was going to take the money I would use to pay the mortage and take $1000 off of the home equity loan (Principal) so it is that much less that I have to pay out of pocket at closing. Is this smart or dumb?

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This entry was posted on Wednesday, May 20th, 2009 at 8:47 pm and is filed under Home Equity Loan Q&A. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


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