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A few days should be fine and many mortgage companies provide a grace period if someone needs a few extra days. Calling them will help and show your good intentions.
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∙ 14y ago
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When is your mortgage considered late?
if you pay it a day after the due date
If you pay your mortgage on time with a check that is dishonored by your bank and then that mortgage is sold prior to the end of the next month will that 30-day late pay show up on your credit report?
In cases where your mortgage is sold to another bank, you usually have a grace period of 30 days or more to pay the new company. If the old company says you are late, then you are late and it will eventually show up on your credit report. But call your mortgage company to be sure of all this, they will work with you since they want your business and don't want to have to take your home away - they get a lot less for it at an auction. You may have a fee to pay for being late.
Is it better to be 60 days late on a mortgage or 30 days late on many bills?
I would say based on credit rating that getting behind on a mortgage would be worse than being late on a few other bills. A lot depends on what the other bills are, but if you can try and pay the mortgage first.
If you pay your mortgage payment after the due date but before the day it is considered late will this affect your credit?
If the mortgage company receives the payment before the "late" date, it won't affect your credit if you don't do it all the time. If you do it too often, they may call you a "slow pay" instead of a "late pay" and that will affect your credit in a bad way. Your payment is late if not paid on or before the due date. Most states do not allow a mortgage company to attach a penalty if it is paid within 10, 14 or 15 days, depending on the state, but it is still late, and can be reported as such. That will affect your score.
How can being a car loan co signer affect applying for a mortgage?
If they pay the loan late it will report on your credit and effect your credit score--which effects your rate. But if they do pay late, and you can show from cancelled checks that they pay the loan you can still get a loan.
When is your mortgage considered late?
if you pay it a day after the due date
If you pay your mortgage on time with a check that is dishonored by your bank and then that mortgage is sold prior to the end of the next month will that 30-day late pay show up on your credit report?
In cases where your mortgage is sold to another bank, you usually have a grace period of 30 days or more to pay the new company. If the old company says you are late, then you are late and it will eventually show up on your credit report. But call your mortgage company to be sure of all this, they will work with you since they want your business and don't want to have to take your home away - they get a lot less for it at an auction. You may have a fee to pay for being late.
Is it better to be 60 days late on a mortgage or 30 days late on many bills?
I would say based on credit rating that getting behind on a mortgage would be worse than being late on a few other bills. A lot depends on what the other bills are, but if you can try and pay the mortgage first.
If you pay your mortgage payment after the due date but before the day it is considered late will this affect your credit?
If the mortgage company receives the payment before the "late" date, it won't affect your credit if you don't do it all the time. If you do it too often, they may call you a "slow pay" instead of a "late pay" and that will affect your credit in a bad way. Your payment is late if not paid on or before the due date. Most states do not allow a mortgage company to attach a penalty if it is paid within 10, 14 or 15 days, depending on the state, but it is still late, and can be reported as such. That will affect your score.
What is a delinquent mortgage versus a late mortgage?
I believe there is no difference. Anyone who has not paid their mortgage payment on time is "late" or delinquent.
How can being a car loan co signer affect applying for a mortgage?
If they pay the loan late it will report on your credit and effect your credit score--which effects your rate. But if they do pay late, and you can show from cancelled checks that they pay the loan you can still get a loan.
to pay off a mortgage?
which grant can I apply to pay off a mortgage
How can I pay my mortgage loan on-line?
“How can I pay my mortgage loan on-line?”
I rent and want to know where to find out if the mortgage is late?
Whether the mortgage is late is none of the renter's business: it's a matter between the landlord and his mortgage lender. The mortgage lender will not discuss business with any other than its client. As long as the landlord has control of the property-- regardless of foreclosure status-- the rent will alway be collected by him and he can evict you if you don't pay.
is there a grant that will me pay my bills and mortgage ?
is there a grant that can help me pay my bills and mortgage?
Where can one pay one's mortgage bill?
There are many places where one can pay their mortgage bill. One can pay their mortgage bill by sending a check in to their provider or pay over the internet.
Is there any online training on how to pay off mortgage early?
You just can pay your full mortgage off at once. So you would have no mortgage left you have to pay back :)
