Did You Know? 🏡
If your home sale closes during your mortgage grace period, you may not need to make your mortgage payment for that month. Sounds like a little relief, right? Here's the scoop:
You can either make your payment as usual or skip it if the sale closes before your payment due date. If you do skip it, just know that any interest or fees that accrue will be taken care of during closing. And don't worry—if you’ve overpaid, any extra funds will be refunded back to you. 💸
As always, it’s important to check with your lender to understand the details, but in many cases, you’ve got a bit of flexibility! Whether you're buying or selling, I'm here to help navigate these little nuances (and save you a few bucks along the way).
Need more tips or ready to make your next move in Portland? Give me a call!
