Aspasia Posted May 8, 2013 Share Posted May 8, 2013 We have a projected settlement date of July 2, but there is some flexibility (to move it further out). Is there a benefit one way or the other? Quote Link to comment Share on other sites More sharing options...
scholastica Posted May 8, 2013 Share Posted May 8, 2013 It's actually better to close late in the month because you have to pay interest at the time of closing from the date of closing until the first of the next month. Make sense? scholastica Quote Link to comment Share on other sites More sharing options...
Aspasia Posted May 8, 2013 Author Share Posted May 8, 2013 Yes. We're building and one of the incentives was $10,000 toward closing. That includes July's interest, right? Quote Link to comment Share on other sites More sharing options...
Happy Posted May 8, 2013 Share Posted May 8, 2013 Actually everyone involved with a closing gets swamped at the end of the month. I like my clients to close a week or so before the end of the month (or earlier)...usually on a Tuesday, Wednesday, or Thursday. Mondays are too hectic with all the weekend work pouring into the title company. Fridays can be frantic--and if anything goes wrong and closing has to be pushed a day, you must wait alllllllll weekend. Quote Link to comment Share on other sites More sharing options...
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