Mortgage Days Late
Love your site!
The short story is that my parents refinanced our home for us, credit is in their name and spouse and I make the mortgage payment.
I bent the rules but am sure I didn’t break them when I made our mortgage payment at the bank which services the loan on the 31st of the month.
Late fee assessed, but is this really 30 days late?
Thanks,
Terri
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Hi Terri,
Late fees for mortgages are generally charged when the payment is fifteen-days late. For credit reporting purposes, how late is late? Whenever you have a dispute with your mortgage company, you can label it as a Qualified Written Request and that will definitely get their attention.
Thanks for the questions and hope this helps.
Paul
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