When is my first mortgage payment due after closing?

Answer Mortgage payments generally are paid in arrears to cover the previous month. So if you close in April, your first mortgage payment won't be due until June 1. The payment will include the interest a... Read More »

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When is the first payment due on an FHA mortgage?

The first payment due on a Federal Housing Administration (FHA) mortgage is due the first full month after the closing date. Payment on interest for mortgages is paid in arrears, after it is earned... Read More »

When is your first mortgage payment due?

The first mortgage payment is due the second month after the date of closing. For example, closing on the 16th of September would make the first payment due on November 1st.Source:"The Unofficial G... Read More »

When will I have to pay my first mortgage payment?

When paying closing costs, you are usually required to pay the remaining interest for the month of closing. Your mortgage payment will then normally cover the previous month and therefore won't be ... Read More »

When is a mortgage payment considered late in bankruptcy?

Mortgage payments are considered late 15 days after the due date. The due date is typically the first of the month, so a mortgage payment will be counted late after the 15th of the month. There is ... Read More »