Buying A Home
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

No house payment?

So, we will have 30 days in our house after we close according to our contract.  Essentially we will have no house payment that month, correct?  Am I missing something?  I remember when we moved in, we were somehow able to skip a mortgage payment then too.

Also, our realtor said something about taxes in escrow, etc. that might be refunded from our mortgage company?

Thanks for any info. 

Baby Birthday Ticker Ticker Baby Birthday Ticker Ticker Baby Birthday Ticker Ticker

Re: No house payment?

  • That first month's mortgage payment should be included in your closing costs. You likely won't get your first mortgage statement until one or two months after you close on the property.  
  • What PP said.  We closed in early May and our first payment is due July 1. :)
  • Regarding escrow, you are paying an estimated amount for taxes, insurance, etc. If at the end of the year, there is excess over a certain amount in escrow, you get a refund. We bought at the end of May of last year and got like $150.00 back in January of this year from that.

Sign In or Register to comment.
Choose Another Board
Search Boards