Hey all,

I'm selling my co-op and buying a house. The co-op is just going into contract now but we are pushing to have it closed in late Sept. The house has a closing date set for Sept. 1st, but we have 30 days from that to close.

So, if i want to avoid having to make 2 mortgage payment but want to close on both the house and co-op in sept, what is the best time to close on each? I think i remeber hearing that if you close on the 1st, you don't make a mortgage pymt until the next month. but if you close after the 1st you have to pre-pay the months interest?

Thks!