When is My First Mortgage Payment Due? | Homespire Mortgage

When you pay rent, you make your very first payment (and sometimes your last payment) plus security deposit right up front before you move in. When you 𝘣𝘶𝘺 a house, it's a different story.
Your first mortgage payment isn’t made until one month after the last day of the month you closed on your home. 🤯
Okay, that sounded confusing.
Watch our latest #KnowBeforeYouOwe video for the breakdown. 😎
Be sure to subscribe 👆 to our channel and click the notification bell 🔔 so you don't miss out on future mortgage wisdom 🧠🏠
Ready to ditch your landlord and invest in your own future? Give us a call! Our Personal Loan Consultants are available around the clock to answer your questions.
FOLLOW US:
→ SUBSCRIBE: / @homespiremortgage
→ WEBSITE: homespiremortgage.com
→ FACEBOOK: / homespiremortgage
→ INSTAGRAM: / homespiremortgage
HomespireGO® lets you apply for a mortgage in as little as 10 minutes from the comfort of your couch, easily upload your documents, and get real-time loan progress updates. It's a mortgage experience you'll love. Download the app for Apple and Android. Visit www.homespiremortgage.com/hom... to learn more.
Homespire Mortgage Corporation. Equal Housing Lender. All Rights Reserved. NMLS IS # 183215. Corporate Office: 9711 Washingtonian Blvd., Suite 500, Gaithersburg, MD 20878. 1-800-531-5395
This is not an offer for a loan or any type of extension. Eligibility for a loan or extension of credit from Homespire Mortgage Corporation is subject to completion of a loan application, credit, income, and employment qualification, and meeting established underwriting criteria. Rates are subject to change without notice based on market conditions. See Loan Consultant for information on program income limits, buyer contribution, area median income, debt requirements, and other application details.
#KnowBeforeYouOwe #MortgageBFF #realtor #realestate #realestateagent #closing #homebuying #homebuyer #winningoffer #housingmarket #homeowner #homeownership #openhouse #dreamhome #homegoals #firsttimehomebuyer #mortgagelender #loanofficer #mortgageadvisor #mortgageadvice #mortgagetips #mlo #loanoriginator#firsttimehomebuyer #mortgagepayment

[@zoewimmers9330]

So many first-time buyers have this question and I always make sure to explain this with my buyers. Great video!

[@HomespireMortgage]

Thank you so much, Zoe!

[@treyatl2006]

Thanks. Your video is perfect since my closing date is a few days before the example given in this video.