2006-10-01 13:18:48 · 10 answers · asked by Anonymous in Business & Finance ➔ Credit
30 days, no grace period.
2006-10-01 16:10:05 · answer #1 · answered by smiley0_1_1999 5 · 0⤊ 0⤋
Simple: More than 29 days late and the mortgage company will report a "30 day late payment". Mortgage late payment are severe, costing 60-120 credit score points, depending on your other credit. One late payment also makes refinance or purchase rates higher for the next 12 months.
2006-10-04 19:47:46 · answer #2 · answered by supercreditguru 3 · 0⤊ 0⤋
Usally you will have a grace period in which to pay your mortgage, but you will be reported if you are 30 days late.. You will need to check withyoru bank to find out what your exact grace period is.
For instance:
Due on the 1st of the month,
Consider late after the 15th of the month,
Reported on 31st day after the due date.
2006-10-01 13:26:59 · answer #3 · answered by limgrn_maria 4 · 0⤊ 0⤋
My mortgage company reports it if it is not received by the last day of the month. Hope this helps!
2006-10-01 13:27:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
30 days late more than 2 in a 12 month span.
2006-10-01 22:25:49 · answer #5 · answered by kamsmom 5 · 0⤊ 0⤋
In most cases it's 30 days late that it will affect your credit report.
2006-10-01 13:21:58 · answer #6 · answered by ...mr2fister... 7 · 1⤊ 0⤋
30 days
2006-10-01 13:25:00 · answer #7 · answered by db33 1 · 0⤊ 0⤋
Try the links in http://www.hot8sites.com/mortgage/ for all information on mortgages
2006-10-03 07:04:13 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I'm not exactly sure about that but I do know that after 2 months, they start foreclosing on your house.
2006-10-01 13:23:36 · answer #9 · answered by escapegrl1 3 · 0⤊ 0⤋
1 month
2006-10-01 14:00:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋