When is my first mortgage payment due?

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If you close at the end of the month, for example, March 30, your first mortgage payment will be due on May 1. If you push that mortgage payment back a few days until April 2, your first mortgage payment will not be due until June 1, almost two full months from your closing.

 · we completed on the 23rd Aug, first mortgage payment was 1st Oct. It was payment for Sep plus interest for 23 Aug-1st Sep. We were notified of the amount a week or so after completion but I guess it depends on your mortgage co (HSBC for us).

Your first payment wouldn’t be due until one full month has gone by. So if you closed on August 5, you wouldn’t be responsible for paying until the first day of October. If you’re shelling out a lot of money to pay for closing costs , having some extra wiggle room before it’s time to start making mortgage payments can be helpful.

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Pay off the mortgage, first. Reason No. 1: Save money. Every loan comes in two parts: the principal and the interest. The principal is the amount.

 · Contents Actual interest rate mortgage. servicer Brokers south florida Mortgage payment explained 07 If you recently took out a mortgage, or have been thinking about financing a piece of property, you may be wondering when your mortgage payments will be due. Also, when is the first mortgage payment. show more I plan putting. Continue reading "When Is My First Mortgage Payment Due.

Then your first mortgage payment will be due on May 1 and that payment will include the interest for April. If you have a mortgage, and your home has suffered severe damage or been destroyed, some or all of the payment checks from your insurance company will be made payable jointly to BOTH you and your mortgage company.

First Mortgage Payment Determined by Closing Date. Example: If you close your mortgage on August 20th, your first mortgage payment isn’t due until October 1st. However, at closing, you would need to pay the remaining interest for the month of August, or 11 days.