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Old 08-14-2010, 02:25 AM
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Default Does your closing date determine when mortgage

is due? We close on a house Aug 15... this is my first house. Does the closing date determine the mortgage due date? And when is the first payment usually due?Also, I am looking to rearrange by budget a bit... I was thinking about spreading the payment out between the two paychecks so we didn't get hit all at once... I can always just save the money from one check to another, but I would prefer to get it out of my account. Do you think it would mess anything up to just send them half the payment (or more) every time we get paid (15th and 31st)? Or, do mortgage companies ever offer the ability to pay twice a month instead of once a month?
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Old 08-14-2010, 12:47 PM
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Usually mortgages are due by the 10th, unless you ask for another date specifically.Some banks offer twice a month payments. Just ask.
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