Wednesday, 16 July 2014

How do you calculate the interest for subrogation purposes in a mortgage? Is it the 7 prejudgment? The rate of interest of the loan which w...

Question

How do you calculate the interest for subrogation purposes in a mortgage? Is it the 7% prejudgment? The rate of interest of the loan which was paid off? The rate of the new loan?



Answer

Your question makes no sense. Subrogation is an insurance issue. It has nothing to do with mortgages and little or nothing to do with interest.



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