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Interest Adjustment Date (IAD) Explained

Interest adjustments are one of the most overlooked closing expenses.  It’s probably because many homeowners don’t expect to make any mortgage payments for up to a month after their closing date. 

If a borrower doesn’t close at the beginning of the month, however, they’ll often owe their lender an interest adjustment.

As it turns out, more people have been emailing us about interest
adjustments lately.  Therefore, we thought it might be helpful to post this quick and
dirty interest adjustment date overview.