Definition of opponent for English Language Learners. : a person, group, etc., that is against something (such as an action, law, or system) : someone or something that does not want something to exist, be done, etc.
Generally, your first mortgage payment is due on the 1st day of the 2nd month following your closing date. For example, if you close in February, your first mortgage payment will be due on Aproil 1st. Generally speaking of course.
While the payment is due on the first day of each month, lenders allow borrowers a âgrace period,â which is usually 15 days. A payment received on the 15th is treated exactly in the same way as a payment received on the 1st.