Home mortgage interest is paid in arrears, not in advance. Unlike most loans, mortgage principal and interest are paid in arrears. This means that when you make your payment on the first of a month--all contemporary mortgage loans are written as of the first of the month--you are paying the previous month's interest.hen you have sold your home or refinance it, the interest in arrears feature may be less attractive. If you close your sale or refinance on the 18th, your mortgage payoff will be higher than your apparent outstanding balance.
June 17, 2009. Finding an old check at the bottom of your drawer doesn't necessarily mean you'll get a boost in your bank account. You generally have six months to cash or deposit a check. If you have one that was written earlier than that, a bank or credit union isn't obligated to honor the item.
Yes, cashierâs checks do expire. More Info: Many cashierâs checks will carry the expiration date directly on the note signifying how long you have to present the check for payment. Common expiration dates are 90 days or 180 days.or example, the check from the first 1955-56 season would be worth more than $8,000,000 today while a cashierâs check from the final 1959-60 season would amount to upwards of $7,000,000. In the Internet age, the use of fraudulent cashierâs checks has expanded greatly.