This is one of the easiest house hacks and it will help you save money on the day of your real estate closing. Here's how:

Instead of structuring your real estate closing for the 1st or 2nd of the month, structure your purchase contract and your closing date for the end of the month around the 28th or 29th of the month. The reason this is such a great house hack is because at closing you pay what is known as odd days interest through the end of the month. See the comparison below:

1. If you close on July 2nd, 2024, you are going to pay 29 days worth of interest at closing. This increases how much money you need for closing by an additional 29 days of interest charges.
2. If you were to close on the 28th, of June, you would have only had to pay 2 days worth of interest. This reduces the amount of money that you have to pay on the day of closing by 27 days of interest charges. This savings can be in excess of $1,000 or more depending on your loan balance and your interest rate.

The benefit to you is that by closing at the end of the month, it drastically reduces how much money you need to bring to closing or wire to the title company.

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Thanks for watching!

Sam Miller
REMAX Stars Realty
710 South Main Street
Mount Vernon, Ohio 43050
Call 7403977800
http://www.SamMillerSells.com

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