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2kids2cats
My babies
Member since 6/05 5229 total posts
Name:
f
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When are mortgage payments due?
Do you know what day of the month they are typically due? Also, if we close end of this month (next week), then is it true our first actual mortgage payment won't start until October? Thanks!
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Posted 8/14/06 7:10 PM  |
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Prudential Douglas Elliman Real Estate
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Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
Name:
God, bless & heal my DH, JenG's DH Rob & DebG
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Re: When are mortgage payments due?
I think they're due the 1st of the month, but I would check with your bank. And yes, if you close after the 15th of the month, your first payment won't be due until October.
Congrats!  
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| Posted 8/14/06 7:27 PM |
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2kids2cats
My babies
Member since 6/05 5229 total posts
Name:
f
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Re: When are mortgage payments due?
Thanks so much!
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| Posted 8/14/06 7:28 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: When are mortgage payments due?
DH (who works for Wamu) says they are always due on the 1st or the 15th. We closed the end of March, our first payment was due May 1.
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| Posted 8/14/06 7:32 PM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: When are mortgage payments due?
We closed 11/10, our first payment wasn't due until 1/1. But we didn't move in until 11/21.
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| Posted 8/14/06 7:35 PM |
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2kids2cats
My babies
Member since 6/05 5229 total posts
Name:
f
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Re: When are mortgage payments due?
Thanks gals. We won't be moving in right away either, as there are a few things that need to be done, carpeting, paint, etc. so it will feel good to know we are not paying while not living there!
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| Posted 8/14/06 8:34 PM |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: When are mortgage payments due?
We closed the end of June, our first payment was due Aug 1.
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| Posted 8/14/06 8:35 PM |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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Re: When are mortgage payments due?
techincally when you close, i believe you make your first payment so you won't phyically pay for 2 months...
you can always change your due date to line up when you have money
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| Posted 8/14/06 8:48 PM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: When are mortgage payments due?
Most banks your payment is due the 1st of the month but you have until the 15th for them to receive the payment. If you closed next week your first payment would be Oct if you close the beginning of Sept it would probably be Nov. This is because you are paying short term interest at closing.
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| Posted 8/14/06 8:50 PM |
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2Pisces
Life Coach
Member since 2/06 3337 total posts
Name:
Paige
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Re: When are mortgage payments due?
OUrs is due on the 15th.
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| Posted 8/14/06 9:29 PM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: When are mortgage payments due?
Ours is due on the 15th of the month!
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| Posted 8/15/06 7:10 AM |
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capricorn75
J-E-T-S
Member since 5/05 1645 total posts
Name:
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Re: When are mortgage payments due?
We closed at the end of Sept and our first payment was due Nov 1st.
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| Posted 8/15/06 8:17 AM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: When are mortgage payments due?
We closed on the 13th of June and our "first" payment was due August 1st.
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| Posted 8/15/06 9:57 AM |
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