Better to close 11/30 or 12/1? Lender keeps pushing for the former

Hi everyone, FTHB and running into this issue as my lender has been pushing for an earlier close even though I’ve stated I cannot but wished to see if financially, it’s worth it and/or I’m missing something. DFW market in case it matters.

He keeps pushing that closing 11/30 will lessen my interest burden as I’ll need to pay the entire month of interest in December, but the interest total is such a small fraction of the mortgage payment that’ll get deferred another month if I close 12/1 instead. Also, sellers have leaseback until December anyway so my incentive/rush is even lower.

Is there any advantage I’m missing from choosing to close 12/1 besides the low interest payment that’s due at close if I were to choose 11/30?

Sorry in advance to any mistakes in this post

submitted by /u/LadyRawrior
[link] [comments]

Hi everyone, FTHB and running into this issue as my lender has been pushing for an earlier close even though I’ve stated I cannot but wished to see if financially, it’s worth it and/or I’m missing something. DFW market in case it matters. He keeps pushing that closing 11/30 will lessen my interest burden as I’ll need to pay the entire month of interest in December, but the interest total is such a small fraction of the mortgage payment that’ll get deferred another month if I close 12/1 instead. Also, sellers have leaseback until December anyway so my incentive/rush is even lower. Is there any advantage I’m missing from choosing to close 12/1 besides the low interest payment that’s due at close if I were to choose 11/30? Sorry in advance to any mistakes in this post submitted by /u/LadyRawrior [link] [comments]

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