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Old 11-17-2008, 11:15 AM
nikkiirish nikkiirish is offline
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Join Date: Nov 2008
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Refinancing with Accrued interest

Say someone decides to refinance a loan that has $100,000 worth of principal and $25,000 worth of accrued interest. He includes the $25,000 in the amount being refianced, so that it's now a $125,000 loan. Is this accrued interest considered to be paid? Is it now part of the principal?
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