So, here’s the deal – I’ve got this awesome buyer all lined up for my house, and we’re set to close the deal on 9/11. She’s going with an FHA loan and putting down 20%, in case you’re wondering about the nitty-gritty details. Now, my mortgage payment is technically due on 9/1, but I’ve got a grace period until 9/15 before a late fee kicks in. I’ve been a stellar homeowner for a decade, never missing a payment, but the timing of this sale has got me a bit anxious. I’ve heard some people say it’s no big deal, while others on Reddit are cautioning against it.
To add to the mix, my new rent is also due on 9/11, and I’m not exactly swimming in cash to cover both payments at once. I could probably make it work if push comes to shove, but it’s definitely not ideal. I reached out to my mortgage lender for some guidance, but knowing how these things go, I probably won’t hear back until Monday.
I’m just looking for some peace of mind here. Has anyone been in a similar situation before? How did it all pan out? I’m open to any advice or personal experiences you’ve got to share.