After closing on a house how soon will my payment become due?
2006-07-12 14:04:43 · 6 answers · asked by pooh bear 4 in Business & Finance ➔ Renting & Real Estate
30-60 days after closing :)
2006-07-12 14:09:44 · answer #1 · answered by WhyAskWhy 5 · 0⤊ 0⤋
When you rent, you pay in advance. When you make mortgage payments, you pay in arrears. The first payment will be due on the first day of the month folowing the month AFTER the month that you closed. So, if you close any time in July, your first mortgate payment will be due on September 1st.
2006-07-12 21:44:59 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Normally, the first of the month, about a month after you take possession. you usually pay the first months estimated payment at closing as part of your closing costs.
2006-07-12 21:10:59 · answer #3 · answered by Not Tellin 4 · 0⤊ 0⤋
usually one month. We just bought a house and our closing was june 30th our next payment is due august 10th
2006-07-12 21:10:21 · answer #4 · answered by Aimee 3 · 0⤊ 0⤋
That's something you should have already discussed with the mortgage company that's handling your loan..Go figure!
2006-07-12 21:08:28 · answer #5 · answered by WhatEVER27 4 · 0⤊ 0⤋
matters could be 1-3 months... talk to your agent.
2006-07-12 21:27:57 · answer #6 · answered by Paige 4 · 0⤊ 0⤋