From: dim@soda.csua.berkeley.edu (D. Gerasimatos)
Newsgroups: misc.consumers.house
Subject: Re: Closing Day Dilemma
Date: Tue, 1 Jun 2004 15:40:06 +0000 (UTC)
Originator: dim@soda.csua.berkeley.edu (D. Gerasimatos)

In article <40bc88ea.1589483@news.verizon.net>, v  wrote:
>
>Yeah, fat chance of that.  And how is it more money out of their
>pocket, they actually saved money by not buying it as soon, if they
>waited even another month they would "save" even more (but of course
>they are not in the house - they could save even more by not buying it
>at all!!!).  And now it will just be longer until the next payment is
>due.  It all works out the same in the end, it is not any cheaper to
>buy a house near the end of the month, then your next payment is that
>much sooner.


Correct. This myth must be dispelled once a year in here. Why do loan
agents, realtors, and others continue to tell people this? 


Dimitri