Closing & Costs
What happens to my escrow when I refinance?
The old lender refunds your escrow balance 15–30 days after payoff. Your new loan collects a fresh escrow at closing — plan cash flow around a temporary 'double payment' month.
The old lender refunds your escrow balance 15–30 days after payoff. Your new loan collects a fresh escrow at closing — plan cash flow around a temporary 'double payment' month.