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Prepaid interest at closing and mortgage payment due date

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JMMD
Frequent Contributor

Prepaid interest at closing and mortgage payment due date

We are due to close June 28th. I just looked at our loan disclosure and it shows interest prepaid from 6/28/18 to 7/1/18 ). Does this mean we will have our first mortgage payment due July 1st?

3 REPLIES 3
pipeguy
Senior Contributor

Re: Prepaid interest at closing and mortgage payment due date

August 1st, you skip a month so it's always smart to settle at the end of the month. 

Message 2 of 4
Anonymous
Not applicable

Re: Prepaid interest at closing and mortgage payment due date

Yep, what pipeguy said. We close on the 28th too so I asked our loan officer the same question. Congrats!
Message 3 of 4
JMMD
Frequent Contributor

Re: Prepaid interest at closing and mortgage payment due date


@Anonymous wrote:
Yep, what pipeguy said. We close on the 28th too so I asked our loan officer the same question. Congrats!

You too!!

Message 4 of 4
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