How To Buy And Finance Your First Home In Today’s Housing Market

How To Buy And Finance Your First Home In Today’s Housing Market

People describe buying a home as exciting, scary, frustrating or fulfilling. But never simple. Until now! This complete guide walks you through the whole process and tells you exactly what you want to know. If you’re an information junkie, we’ll give you as much detail as you like. But if you’re a “cut to the chase” person, you can skip the details and go straight to the bottom line with one click.

First Mortgage Payment: When Is it Due?

First Mortgage Payment: When Is it Due?

When is your first mortgage payment due?
Your first mortgage payment is due the first day of the first full month after closing.
You have 15 days to get your payment in before it’s late.
Your mortgage payment covers interest accrued the previous month.

You can choose a closing date to minimize closing costs or to extend the period before your first payment is due.