What Is The Difference Between Closing And Funding?

What Is The Difference Between Closing And Funding? Funding is the disbursing or wiring of money from your lender to your title or escrow company to pay for the home you’re purchasing. Closing occurs once the local government records the lien against your property, and the transfer of ownership if applicable. How long does it

How Do You Calculate Opening And Closing Balance?

How Do You Calculate Opening And Closing Balance? The Opening Balance is the amount of cash at the beginning of the month (1st day of month). The Closing Balance is the amount of cash at the end of the month (last day of month). The Closing Balance is calculated by the following equation: Closing Balance