An interest adjustment occurs when there is a difference between the date on which you take possession of your home and the date from which your lender calculates your first mortgage payment.

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An interest adjustment is a real estate term that refers to the process of calculating the interest on your mortgage from the date you take possession of your home until the end of the month, to align your payment schedule with your lender's calendar. This adjustment helps ensure that the lender receives the appropriate amount of interest due during the time you were technically the owner of the property. Thus, the statement is true.

An Interest Adjustment Occurs When There Is a Difference Between