Extending First Mortgage Payment

3 Replies

Hi All,

I am wondering if anyone has pushed there first payment after closing further then the typicall 1-2 months. I was thinking this would be beneficail in flipping giving you more time to work on a property, with less payments. Thanks for any and all advice!

I'm not sure what sort of financing you are getting but there are some hard money lenders that have no payments. You pay all accrued interest upon payoff.

Hi Jason.

I was originally thinking with a conventional loan. Very intersting about the type of hard money loan you mention above, I didnt think that type of loan existed. Thanks for the info!!