when to expect proceeds from re-fi?
I'm wondering what the rule of thumb is for receiving cash from a refinance? I was told that my loan funded on Thursday, September 14th, but I'm getting the round-around as to when the proceeds will be disbursed to me. They are not paying off the old mortgage company until Sept 30th (that sucks, even though the interest is not calculated daily because it's an FHA loan, but it leaves too much to go wrong).
I gave them information to have my funds wired to my bank, but I haven't gotten them yet. Also, how soon can they legally charge me interest on the loan if there has been no payoff and no funds disbursed?
Thanks for any help anyone can give.