What is the date of Gabrielle's first full monthly mortgage payment?

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To determine the date of Gabrielle's first full monthly mortgage payment, it's necessary to understand how mortgage payment schedules typically work. Mortgage payments are often due at the beginning of a month, and the first payment is usually scheduled for the first day of the month following the closing date of the mortgage.

In many cases, if Gabrielle's mortgage closes in January, her first full monthly payment would be due on March 1. This structure allows the borrower to have the first month after closing to settle in and manage finances without the immediate pressure of making a payment.

Therefore, if the closing occurred at any time in January, the correct answer for when Gabrielle's first full monthly mortgage payment would be due is indeed March 1.

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