Perdiem Rate - Posted by Mike Schmidt (IL)

import · May 16, 2001, 5:27pm

Posted by Kiersten on May 16, 2001 at 19:21:41:

That’s what I thought too, but I’m not sure. Do they also give you a payoff balance and a date of that payoff? That way, you can determine how many days has passed since that payoff was calculated, multiply those days by the perdiem rate and determine the payoff on a specific day? Just my guess . . . .

import · May 16, 2001, 5:27pm

Posted by Mike Schmidt (IL) on May 16, 2001 at 17:27:22:

I just subscribed to a foreclosure listing service that gives me all the listings in my are each week. On their sheet it will list the original mortgage amount, the rate and the date the loan was taken out. Below this it has a perdiem rate listed…what would this be?

import · May 16, 2001, 7:56pm

Re: Perdiem Rate - Posted by Ronald * Starr

Posted by Ronald * Starr on May 16, 2001 at 19:56:43:

Mike Schmidt (IL)---------------

I would be guessing too. But I have a suggestion:
call up the people providing the service and ask them. If you have any other questions about what they are providing, that would be a good time to ask those other questions.

Good Investing********Ron Starr*************

import · May 16, 2001, 7:02pm

Re: Perdiem Rate - Posted by Monique

Posted by Monique on May 16, 2001 at 19:02:37:

Mike,

This is a guess … The daily interest rate that accrues on the loan.

Monique