When Is The Best Time To Close On A House

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The best time to close on a house depends on many factors, including the current market for similar properties, the size of your down payment and how long you plan to stay in the home. A good rule of thumb is that it is better to close earlier than later. If you can keep your monthly mortgage payments low with an interest rate at or below 4 percent, then that’s preferable because it allows more money for other expenses like insurance premiums, repairs and upkeep (for example: lawn care). However if rates rise above 4 percent before closing (which is common), then closing sooner rather than later would benefit both parties; it would allow you to lock in a lower interest rate while having enough time left over each month after paying your mortgage …