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In most states, there are no foreclosure ramifications. You will in most cases have a 30 day later reported on your credit report. Additionally, you will have a late fee equal to 5% of your mortgage payment.

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Q: If you make one mortgage payment past 30 days what are the consequences?
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Related questions

How do you use payment in a sentence?

I have to make a payment on my mortgage.


What can you do if your mortgage payment is 2 months late?

call the mortgage holder and make payment arrangements


Who do you make your Wells Fargo mortgage payment payable to?

wellsfargo home mortgage


How does a reverse mortgage purchase work?

Similar to a purchase with a regular mortgage. The difference is that you need a large enough down payment to qualify, and you won't ever have to make a mortgage payment on the new home.


Is there a payment due if your mortgage company sells your mortgage to another mortgage company?

Yes, no matter what happens to the owner of your mortgage, you should always make your payments on time. A loan sale or servicing transfer does not mean you can skip a payment.


Are you better off making a mortgage payment once a week or 30 days before it is due or when it is due?

It does not matter how many times do you make a payment. What matters is, a complete payment of minimum amount due is paid before the due date.


Where can one find a mortgage loan payment calculator?

Most banks as providers for mortgage loans will make a mortgage loan payment calculator available. Among many are Nationwide, HSBC and Sainsbury's bank.


What is the phone number to make a chase home mortgage payment?

There is more than one mortgage company called "Chase" on the planet.Please re-ask your question giving an EXACT LOCATION.For example "What is the phone number to make a chase home mortgage payment in London UK?"


can i go into my locate wamu bank and make a mortgage payment?

If you have a loan with Wamu, you can go to any wamu bank and make your payment.


What is the best way for one to reduce mortgage payments?

The best way to have a mortgage payment reduced is to make sure you pay your mortgage payment on time every month or earlier if you can. You can also double up on payments and then contact lenders about a lower payment loan.


What is the phone number to make a Bank of America mortgage payment?

The number needed to make mortgage payments are different in each state. Mortgage payments can also be made online or by mail.


Can you just make one extra mortgage payment a year?

Yes, but it would be better if you can divided the extra payment into each mortgage payment through the year instead of waiting until the end of the year to make one extra payment because you will be lowering the principal as the year progresses which lowers the interest accrued.