what is " interim interest"?

[housemark]

My lender told us we have to $2000 "interim interest" on an no fee loan. what it mean?

[mjgiorgianni]

Try the ask a realtor forum, someone is bound to know. Or just GOOGLE IT

[jvcus17]

here's the meaning in regards with your concern..

Interim EAD If the USCIS does not adjudicate (approve or deny) the EAD application within 90 days (within 30 days for an asylum applicant), the applicant may request an interim EAD. The applicant may make the interim EAD request at a local USCIS office. The local office then will contact the Vermont Service Center (VSC). The VSC will review the application and try to adjudicate the initial EAD application, and avoid the need for an interim EAD. If they cannot complete the initial application, they can issue an interim EAD.

The alien applicant must go to the local USCIS district office with proof of identity and any documents that the USCIS has sent the applicant in regards to the employment authorization application.