first mortgage payment

When is the First Mortgage Payment Due?

First-time homebuyers in Virginia Beach, Norfolk and Chesapeake, often ask me: When is our first mortgage payment due? We heard that you get to skip a month of mortgage payments. Is that true? Yes, you do “skip a month” following your closing date. Let me explain how it works. At the closing table, you don’t Read more about When is the First Mortgage Payment Due?[…]