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Updated over 2 years ago on . Most recent reply

User Stats

10
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5
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Shemar Ricketts
  • Investor
  • Montgomery
5
Votes |
10
Posts

Delayed Payments after closing

Shemar Ricketts
  • Investor
  • Montgomery
Posted

I’m sure someone has already asked this so I apologize in advance.

My question is, is it possible to buy a property and not actually make a mortgage payment until 6 months after closing?

Most Popular Reply

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1,166
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889
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Chris Davidson
  • Real Estate Agent
  • Boise, ID
889
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1,166
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Chris Davidson
  • Real Estate Agent
  • Boise, ID
Replied
Quote from @Shemar Ricketts:

I’m sure someone has already asked this so I apologize in advance.

My question is, is it possible to buy a property and not actually make a mortgage payment until 6 months after closing?


 Yes! However most lenders will take it back and wreck your credit. Seller finance if you agree to the terms up front, or if you buy all cash. 

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