When you pay rent, you make your very first payment (and sometimes your last payment) plus security deposit right up front before you move in. When you 𝘣𝘶𝘺 a house, it's a different story.
Your first mortgage payment isn’t made until one month after the last day of the month you closed on your home. 🤯
Okay, that sounded confusing.
Watch our latest #KnowBeforeYouOwe video for the breakdown. 😎
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This is not an offer for a loan or any type of extension. Eligibility for a loan or extension of credit from Homespire Mortgage Corporation is subject to completion of a loan application, credit, income, and employment qualification, and meeting established underwriting criteria. Rates are subject to change without notice based on market conditions. See Loan Consultant for information on program income limits, buyer contribution, area median income, debt requirements, and other application details.
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