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Question re: Mortgage due date...

Posted By Message

Lucky09
2017!

Member since 1/06

7536 total posts

Name:
DW

Question re: Mortgage due date...

My DH was being a typical man (stubborn) and didn't mail the mortgage because I accidentally left the change ($0.78) off of my check.

Why he couldn't just VOID his check and write a new one to mail it out on time is BEYOND ME.

Instead, he didn't mail it and didn't tell me until 2 days later that I had to write a new check.

Now, it might be LATE. Question: if our payment is due on 7/1 (Sunday) and it arrives on 7/2 (Monday) will they assess a late fee / will it impact our credit?

I could kill him. MEN. Today was not the day to mess with me!

Message edited 6/29/2007 11:15:18 AM.

Posted 6/29/07 11:11 AM
 
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snowprincess
My happy babies

Member since 3/06

3428 total posts

Name:

Re: Question re: Mortgage due date...

most mortgages have a grace period - usaully 15 days before late fee

mine is due on the 1st and i pay it on the 10th every month - there is a 15 day grace period

Posted 6/29/07 11:14 AM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: Question re: Mortgage due date...

no you wont be charged and it wont go on your credit report.

You technically have a 15 day grace period to pay your mortgage. I set up automatic deducition and I was able to choose any day from the 1st to the 15th after it was due to pay it.

Posted 6/29/07 11:14 AM
 

tray831
Dee-licious!

Member since 3/06

5355 total posts

Name:
His Baby

Re: Question re: Mortgage due date...


Don't they usually give you a 15 day grace period. If its due on the 1st; isn't it after if its rec'd by the 15th, they charge a fee.

I think you may be OK. I know every mortgage company is different but you might want to check your records.

Posted 6/29/07 11:15 AM
 

Christine
2nd verse same as the 1st

Member since 5/05

15287 total posts

Name:

Re: Question re: Mortgage due date...

I don't think there will be any reprecussions for one day. Can you drop off the check or do an online payment so you can put your mind at ease?

Posted 6/29/07 11:15 AM
 

sillylittleperson
LIF Zygote

Member since 6/07

7 total posts

Name:

Re: Question re: Mortgage due date...

My mortgage has a grace period. (meaning it's due on the 1st but I have until the 15th to pay it without incurring any late fees or it being considered late; any payment received later than the 15th would be considered late)

I would call and ask, and it they do cool. if not, then advise them that the check is on its way or perhaps you can pay by phone.

Posted 6/29/07 11:16 AM
 

tann22
LIF Adult

Member since 6/05

2421 total posts

Name:

Re: Question re: Mortgage due date...



We have a 15 day grace period.
You should be fine. Why don't you call them up
and see if you can pay over the phone.

Posted 6/29/07 11:23 AM
 

CaseyGirl
Mommy to 3 Boys :)

Member since 5/05

19978 total posts

Name:
Jen - counting my blessings...

Re: Question re: Mortgage due date...

We have the 15 day grace period, and we normally mail it right around the due date, never had a problem. We have countrywide.

Posted 6/29/07 11:31 AM
 

AimeeE2006
Time flies!

Member since 1/06

5698 total posts

Name:
Aimee

Re: Question re: Mortgage due date...

Ours says it's due on the 1st...but we have until the 21st to pay it. I never pay it when it's actually due. Too many other bills to pay at the beginning of the month!

Posted 6/29/07 11:33 AM
 

bikramaddict
mommy-to-be

Member since 8/06

4376 total posts

Name:

Re: Question re: Mortgage due date...

we're the same -- due the 1st but have a 14 or 15 day grace period. I usually send mine out on the 30th or the 1st and my check usually clears around the 8th or so.

Posted 6/29/07 11:45 AM
 

CunningOne
***

Member since 5/05

26975 total posts

Name:

Re: Question re: Mortgage due date...

I have a 15-day grace period. I set up my bank to automatically debit it on or around the 1st of the month though so I don't have to remember to mail the check each month.

Posted 6/29/07 11:59 AM
 

Shroggie
Don't Worry...Be Happy

Member since 5/06

6261 total posts

Name:

Re: Question re: Mortgage due date...

I think it's with every mortgage that you have till the 15 to make the regular payment.

16th or after, there will be a late fee.

Nothing will be reported to the credit bureau until its over 30 days late.

Posted 6/29/07 12:43 PM
 
 

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