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What Is The Best Day To Close On A House

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Since you’re required to pay prepaid interest for each day of the remainder of the closing month, closing at the end of the month is the best time of month to close when buying a new home. The closer to the end of the month you close, the less you have to pay in prepaid interest. However, make sure the closing is before the month ends.

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And in real estate, the magic day is closing. Unlike those other big life-changing moments, closing day (or settlement day) is short on ceremony and long on signing. Closing day can also seem mysterious and confusing, so here’s a rundown of what you should expect. Your big day. plan on spending at least two hours at the closing agent’s office.

What is the best day of the month to close on your home? – Best day to close on a home mortgage loan. email address: password:. What is the best day of the month to close on your home? Monday, March 5, 2012. you actually just saved $376.61 by closing on the 2nd day of the new month, versus the last day of the last month.

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