Accidental Mortgage Underpayment
Hey all. I mis-wrote my last check, underpaid by $500. Today is the 7th is is technically the end of my grace period. Suggestions? Repercussions? This is a first offense, I’ve never missed a payment or anything…
Hey all. I mis-wrote my last check, underpaid by $500. Today is the 7th is is technically the end of my grace period.
Suggestions? Repercussions? This is a first offense, I’ve never missed a payment or anything…
Adam’s right, mortgage is not late until it’s 30 days late. If you ask they will waive the late charge. Never hurts to ask. Same with overdraft fees and credit card late fees. Ask for a one time courtesy and poof the fee is gone.
Have a greet weekend!
Vanessa Thatcher
ATLANTIC HOME CAPITAL
Tel: 631-687-3510 x106
EFax: 631-918-5222
http://www.atlantichomecapital.com
You can also catch me at : http://www.montauk-online.com/?s=Real+Estate/Mortgages
Don’t freak out just yet. You have until the 15th of each month to make your payment. If you miss the 15th it’s usually 2% of the payment penalty and they won’t report you to the credit agencies until it’s more than 30 days late. Just call your bank and explain. They will either take payment over the phone or ask you to make an online payment. If they have branches you can make a payment and any of their branches.
Adam Dahill
WCS Lending LLC
Rates are Amazing Right Now!!!
call them. otherwise they will issue a few thousands late payment penalty.
yes call them ASAP
And call them, cap in hand, to say “Oops. Had a mental lapse”
Call the mortgage people now. They will usually do a direct instant debit of your checking account for like 10 bux.
Set up a direct debit to cover your mortgage. We got something like 0.5% off our interest rate for doing that. Over the life of our mortgage it will save us tens of thousands of dollars.
Sorry, I misread. NY guy is right, make up the difference on your mortagage electronically.
Call your landlord. One month my tenant, who always pays the right amount on time, must have been going crazy with work and first wrote me a check for about $1K shy of the rent amount. I called them and they wrote another check but it was for something crazy like $70,000. They called me when they realized what they had done. Calling might not work if you rent from a large corp but I’d give it a shot.