Saturday, May 24, 2014

New Homeowners

The end of the month is always exciting because of the new beginnings that are created by a simple trip to the title company.

Closings an happen anytime, but most happen in the last few days of the month to lessen the amount that a buyer must pay towards accrued interest.  When you close on a mortgage, you pay up front for the interest from the closing day through the end of the month.  So, conventional wisdom says to close as close to the end of the month as possible.  There are some drawbacks for waiting until the end of the month, but neither the positives or negatives to the closing date are significant enough to make the end of the month a top priority.

The real reason for this post is to say:


Brandon and Kelsey just closed on their first home!  It's always a wonderful experience to help clients
take the next step in their lives, but first-time owners are one-of-a-kind.  Best of luck to the two of you as you start your new lives together!

Take care,
Scott Morrison

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