A: It doesn’t make much of a difference, so you should schedule your closing for when it is most convenient for you and the seller. The out-of-pocket costs you must pay at closing are a bit lower when you close at or near the end of the month. This is because you must prepay interest on your mortgage for the first month, so if you close, say, on June 29th, you only need to prepay one day’s worth of interest.
Gary Landau is a Coral Springs-based real estate and probate attorney. He can be reached at 954-979-6566 or Garysline@aol.com. If you need advice for your particular situation, contact your attorney.