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Lucky09
2017!
Member since 1/06 7537 total posts
Name:
DW
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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.
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Posted 6/29/07 11:11 AM  |
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snowprincess
My happy babies
Member since 3/06 3428 total posts
Name:
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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
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| Posted 6/29/07 11:14 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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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.
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| Posted 6/29/07 11:14 AM |
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tray831
Dee-licious!
Member since 3/06 5355 total posts
Name:
His Baby
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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.
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| Posted 6/29/07 11:15 AM |
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Christine
2nd verse same as the 1st
Member since 5/05 15287 total posts
Name:
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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?
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| Posted 6/29/07 11:15 AM |
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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.
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| Posted 6/29/07 11:16 AM |
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tann22
LIF Adult
Member since 6/05 2421 total posts
Name:
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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.
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| Posted 6/29/07 11:23 AM |
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CaseyGirl
Mommy to 3 Boys :)
Member since 5/05 19978 total posts
Name:
Jen - counting my blessings...
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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.
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| Posted 6/29/07 11:31 AM |
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AimeeE2006
Time flies!
Member since 1/06 5698 total posts
Name:
Aimee
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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!
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| Posted 6/29/07 11:33 AM |
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bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
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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.
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| Posted 6/29/07 11:45 AM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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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.
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| Posted 6/29/07 11:59 AM |
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Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
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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.
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| Posted 6/29/07 12:43 PM |
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