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Why is the current mortgage balance higher on a Homeowner Loan offer letter than the KFI?

April 26, 2017Balance Homeowner kfi letter loan mortgage Offer

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Why is the current mortgage balance higher on a Homeowner Loan offer letter than the KFI?

1 Answer

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As the offer letter is valid for three months, we add three normal monthly payments to the existing balance because the customer has not made these payments. As long as the customer maintains their current monthly payments the KFI quote will be correct.