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turkeybaby
LIF Adult
Member since 5/05 921 total posts
Name:
Jodi
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Closing Question
I have a choice on my closing date. I can close on June 27th or July 2nd. If I close at the end of the month, my first payment will be due August 1st, if I close July 2nd then the payment would not be due until September 1st, but I would have to pay the interest for the 28 days of July that I will be there.
Can anyone tell me the pros and cons of end of the month closing vs beginning of the month closings. Thanks!
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Posted 6/22/07 9:41 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
chikita315
Love
Member since 8/06 7945 total posts
Name:
M-lo
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Re: Closing Question
I think it's just a matter of "Now or Later".
Do you want to lay out extra at closing to give yourself an extra month to pay the mortgage?
OR
Do you want to lay out less at closing, with less time to recoup?
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| Posted 6/22/07 9:53 AM |
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MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
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Re: Closing Question
There's no difference monetarily. 6 of one/ half a dozen of the other.
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| Posted 6/22/07 10:04 AM |
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ali120206
2 Boys
Member since 7/06 17795 total posts
Name:
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Re: Closing Question
Posted by chikita315
I think it's just a matter of "Now or Later".
Do you want to lay out extra at closing to give yourself an extra month to pay the mortgage?
OR
Do you want to lay out less at closing, with less time to recoup?
Exactly!
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| Posted 6/22/07 10:14 AM |
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