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Updated over 3 years ago on . Most recent reply

Brad Swearingen's profile image
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Brad Swearingen
  • Wholesaler
  • from Wake Forest, NC
  • Member since Jun 19, 2018
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Brad Swearingen's profile image
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Brad Swearingen
  • Wholesaler
  • from Wake Forest, NC
  • Member since Jun 19, 2018
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Brad Swearingen
  • Wholesaler
  • Wake Forest, NC
9
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Mortgage Brokers & Lenders

Best time of month to close on mortgage?

Brad Swearingen
  • Wholesaler
  • Wake Forest, NC
Posted

Is there a best time of the month to close on a mortgage and why?  Is the beginning, middle or end of month the best or does it just not matter?  Thanks!

Brad in Wake Forest, NC

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Lien Vuong's profile image
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Lien Vuong
  • Real Estate Agent
  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong
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  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

I dont have a particular preference but if you want to split hairs beginning to middle (5-15th) is better since debt isnt due for 45 days from closing and you also get prorated rents from tenants for the remainder of the month. 

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