Home mortgage interest is paid in arrears, not in advance. Unlike most loans, mortgage principal and interest are paid in arrears. This means that when you make your payment on the first of a month--all contemporary mortgage loans are written as of the first of the month--you are paying the previous month's interest.hen you have sold your home or refinance it, the interest in arrears feature may be less attractive. If you close your sale or refinance on the 18th, your mortgage payoff will be higher than your apparent outstanding balance.
June 17, 2009. Finding an old check at the bottom of your drawer doesn't necessarily mean you'll get a boost in your bank account. You generally have six months to cash or deposit a check. If you have one that was written earlier than that, a bank or credit union isn't obligated to honor the item.
+1 agreed, generally paychecks will go through up to 12 months from the date of issue but even if we consider it a regular check you are within an acceptable time frame and should be fine. â GÂµarÃ°ian GÂµÃ¥rÃ°Ã¯Ã¥Ã± mar '1 14 at:17. @24 GÂµarÃ°ian gÂµÃ¥rÃ°Ã¯Ã¥Ã±. Not always i just cashed a check today that was valid for exactly. 180 days just found a paycheck from my old work that is dated August 5th, 2013. It's for over $300 and I'm wondering if it will still go through. I'm worried that it will bounce or there will be some issue with depositing it.