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Mortgage interest is paid after it's accrued,

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Real Estate Agent with Leslie Horne &Associates 44820

Mortgage interest is paid after it's accrued, so your first mortgage payment is typically a little later than you might expect. But don't worry, as your helpful home expert, I'll ensure you're ready for it and help you know what to expect at and after closing. #thehelpfulagent #houseexpert #a031026 #firsttimebuyer #dreamhome

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Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Manfred. I was a loan officer at a Savings & Loan back in the day when interest on a mortgage loan was paid in advance and not in arrears as today. There is a difference and I prefer the later. Enjoy your day.

Mar 10, 2026 05:12 AM