6020 Creedmoor Road, Raleigh, NC 27612 ~ Cell: (919) 280-2726 ~ Erin@HomesInRaleigh.org

Home North Raleigh Homes Midtown Raleigh Homes Raleigh Luxury Homes Wake Forest Homes Cary Homes North Carolina Triangle

When To Close on Your Raleigh Home

End of the Month? Beginning of the Month?

Whether you have your Raleigh home closing at the end of a month or at the beginning of a month really makes no monetary difference in the long run.

However, it can make a difference in the short run. Closing at the end of a month will reduce the amount of money you need to bring to your Raleigh closing.

Here's why:

If you close on May 27, your closing costs will include a pro-rated mortgage payment (not including principal) for the last few days of the month. It will also include pro-rated property taxes, any HOA fees, etc. Your first mortgage payment would then be due on July 1 for the month of June.

However, if you close on June 5, your closing costs will include a much larger pro-rated mortgage, tax and HOA payment for 22 days as opposed to only 4 days in the previous scenario. You would therefore need that much more money at closing. Your first mortgage payment would also be due on July 1 for the month of June.

So in the end, it all works out the same. It is just looking at whether coming up with more money at closing is an issue for you.

Other aspects of the closing procedure are Raleigh Buyer Closing Costs , What Do I Bring To a Raleigh Closing - Buyers Viewpoint and Your Raleigh Closing Appointment - Buyers Viewpoint.

If you have questions about buying a New Raleigh Home or any Raleigh Homes
Email Us or Call Us Today at 919-280-2726

Raleigh Homes For Sale	Raleigh Luxury Homes	North Raleigh Homes	Midtown Raleigh Homes	Raleigh Inside The Beltline	Raleigh New Homes
Raleigh Townhomes & Condos	Raleigh Golf Homes	Cary Homes For Sale	Durham Homes For Sale	Wake Forest Homes	North Carolina Triangle
Raleigh Home Buyers	Raleigh Home Sellers	Raleigh Community Information	Raleigh Fun Stuff	Raleigh Triangle Schools	All About Ed & Erin