1 100 Minecraft Getting Story-Driven Series from Telltale GamesMinecraft: Story Mode -- A Telltale Game Series coming in 2015 to consoles, PC, and mobile devices.
After closing, your first mortgage payment comes due one full month after the last day of the month in which your mortgage closed. Using the April example again, if you close April 15 or April 29, your first mortgage payment is due on June 1.
The difference is when the first mortgage payment is due, which Iâve explained in my when mortgage payments start post. Most people probably know that mortgage payments are due on the 1st of the month, but many loan servicers (those who collect your payments) will allow you to pay 15 days âlateâ each month. So even though your mortgage payments are technically due on the first each month, you can pay as late as the 15th every month without any kind of penalty. This is known as the âmortgage grace period,â similar to other grace periods you see with all types of other loans.