San Diego Housing Market News and Analysis
Mortgage registration period
User Forum Topic
Submitted by streak on June 22, 2012 - 3:58pm
We have bought a house which closed escrow some weeks ago.
We dont have a mortgage but plan on taking one out to try and tie in a low interest rate.
Somebody mentioned to me that there is a 90 day period from close of escrow in which a mortgage must be registered. Implying that if it is after 90 days that you cant get the tax break on the interest.
The mortgage department at the bank has not heard of this.
Can anyone here give me the facts?
Excuse the newbie question, only been in the country for a short time and never done this in the USA before.
~Financial Market Commentary~
*Investment advisory services and securities offered through Girard Securities, Inc., member SIPC/FINRA.
~Active forum topics~
~SD Home Price Snapshot~