WHEN IS MY FIRST PAYMENT DUE?

When you take out a mortgage, your first payment will be due soon after you close on your home. This payment is usually due following month after closing, depending on the terms of your mortgage agreement.

If you miss this payment or any subsequent payments, your mortgage may become delinquent, which can negatively impact your credit score and make it more difficult to get approved for future loans. As such, it’s important to stay on top of all of your mortgage payments and make sure they are made on time.

To help make managing your mortgage easier, many lenders offer options for automatic payments that can be set up directly from your bank account. So if you’re worried about missing a payment or having trouble staying organized, be sure to explore the various payment options available from your lender and choose the one that best suits your needs. With a little planning and organization, you can easily manage your mortgage and ensure that all of your payments are made on time, every time.

If you would like to sit down with me and review your unique situation I would love to help. Give me a call at 509-737-7161 to get an appointment scheduled.

Thanks,

Jeremy Brock NMLS 1170125
Branch Manager Cornerstone First Mortgage
509.737.7161 CELL
jeremy.brock@cfmtg.com