The benefit of closing later in the month might be that billing is done on a full cander month basis so from a payment standpoint closing on the last day of the month might mean the fist payment is for 32 days owed as opposed to if you closed early in the month where you recieve your first statement for 60 days. So from a casflow standpoint this can be closing later can reduce the 1st months payment shock.
The downside to closing later in the month is that everyone is pushing to close, so from a lenders standpoint time and resources are scarce and I would venture to say that there is more errors made when people are trying to push things through. For this reason doing things in the middle of a month gives you access to more resources and also provides a litttle bit more leaway if there is incomplete documents or a signerature is missed along the way. Less stress for all. If you are aware of the 1st payment being a little higher to account for the middle of the month and have budgeted accordingly it is a meaningless detail
