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Prepaid interest collected at the closing of a typical mortgage loan account for interest that Accrued between the initial application data and the loan s

Prepaid interest collected at the closing of a typical mortgage loan account for interest that
Accrued between the initial application data and the loans funding data.
Accrued between the day that the rate was locked and the loans funding data
Will accrue during the first 60 days following the loans funding date.
Will accrue between the loans funding date and the first day of the following month.

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