closing at the end of the month vs. beginning

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There is a cost per diem that is associated with closing at the beginning of the month vs the end of the month . The per Diem rate is determined by dividing the entire monthly cost of your loan, including PITI by 30 days.

“It will make our statements much easier, it will make invoicing much easier. When we close the books at the end of the month.

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Home Buying: Closing first of month vs. End of month. – Hi Jim- There is a cost per diem that is associated with closing at the beginning of the month vs the end of the month . The per Diem rate is determined by dividing the entire monthly cost of your loan, including PITI by 30 days.

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There is a cost per diem that is associated with closing at the beginning of the month vs the end of the month . The per Diem rate is determined by dividing the entire monthly cost of your loan, including PITI by 30 days. A Banker’s month. Then, for every day after the 30th of the month that you don’t close, you are charged that per diem rate.

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You might wish to keep your closing costs as low as possible, which usually means closing at the end of the month. But if you close at the beginning of the month, you can postpone mortgage.

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