 Fixed rate mortgage coming to an end.....? |
| i have a fixed rate mortgage that runs out in feb 09 what will happen when it runs out then.The mortgage will probably come down but would it be better to remortgage in order to get a better rate,or ... |
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 Had 120 acres,sold 80. access to 40 through the 80. new owner says no.Must pay. Using this access 30 years? |
| My uncle owned 120 acres but due to age and illness sold 80 acres to a neighbor. The 40 acres are accessed through the 80 acres and now the new land owner says we have no access unless we pay. The 80 ... |
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 Bad Credit Home Loan? |
| My husband and I want to buy a house. We already have 2 houses, they are both being leased to own and we can prove it. My husband has had the same job for 25 years and has a decent income. We will ... |
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 How do I prevent getting a poor tenant? |
| Right now I'm considering purchasing a duplex to live in half and to rent out the other half. I'm very scared though of getting a tenant who abuses drugs or doesn't pay their rent. The ... |
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 Do i have to sell my side of the the duplex? |
| My girlfriend and I bought a duplex together. She got married and now shes moving away.. i dont want to sell my side. Do i have too? she says we do. But we r both on the lease.... |
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 Renting Housing - A bad situation? |
| I need a little advice for my friend. A friend of mine bought about 4 houses about a year ago, she borrowed money off of her house that she lives in now. As we all know that the market is ... |
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 Can my landlord refuse to allow me a window air conditoner because he just installed new windows? |
| This is a 2nd floor apartment and I have 2 small children. I would buy my own air conditoner but he won't allow us to install it. We pay our own electricity.... |
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 Is this a good plan to buy a house first time? |
I'm a first time buyer, I currently have 12k in the bank and have a job with a salary of just over 18k.
I want to have a deposit of about 10k to put towards around a house that will ... |
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 Can my landlord do this ? |
| my landlord wants us to pay half of the bills of the first guy she had to come out to spray and the company she has now that comes out to spray the thing is we never signed a lease or anything and we ... |
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 Is my landlord right about this point of the 1988 housing act? |
| He says that under it when I give one months notice on my tenancy agreement that the one month notice period must start from the first of the month. I want to serve it mid month, is he right?... |
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 Can we get a house? |
| I am 32 and just got out of the Navy after 12.5 yrs. My credit score is 573. My wife is 26 with a score of 720. We are trying to buy a house for 169,990. I make 28K post tax at Comcast (where I ... |
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 Why West Texas land is so cheap? |
| I was fooling around in eBay, so I went to the real state category and I was amazed of how cheap they were selling land in West Texas, so I figured it must be a scam or something, but the sellers had ... |
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 Can you break an apartment lease if you ARE unsafe living there? |
earlier I asked "can you break a lease if you feel unsafe living there" and responses I got were "a contract is not about your feelings"....
okay, what if you actually ARE ... |
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 Is there a website that tells how much your house is worth? |
| I am wanting to put my house up for sale and not use a real estate agent. How do I know how much to ask for it or how much it is worth.? T... |
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Paul D | If I pay my mortgage 20 days late can they take action against my house? |
I always pay my mortgage on time but this time I need another week past the grace period to pay it |
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junebug
 |
no..but it could be noted against you on a credit report..just keep paying on time now...and there will be nothing said by the mortgage company |
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leonardhomes@sbcglobal.net
 |
You will pay a late fee. And if you have ever looked at a credit report they show
30 60 90 and so on on late pays. I have never seen a 20 day late on a credit report. |
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FavoredbyU
 |
no..you just have to pay the late fee.. |
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Kimmie
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No, it normally goes into credit reports after 30 days. I'd just call them and explain your situation, most mortgage companies will work with you if you can pay on a reasonable time period. Best wishes to you! |
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Leprechaun of Jupiter
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no just a late fee forclosures take many months up to a year |
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Taylor's Dad
 |
No, but you will be charged a late fee and your credit report will show that you are a "late payer" and that will damage your credit over time. |
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bryan l
 |
Again some poor advise,
All you are going to get stuck with is a nice penalty according to your mortgage agreement. When you become 30 days late NOT even 29 it dose not affect your credit rating. Your payment due on the 1st of JAN, you pay Jan 30 or later then you get a 30 day late. with you waiting another week you are fine. |
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Beachbumminblonde
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No, and it won't show on yoru credit report until you go past your 30 or 31 day of the month.
For example, if your grace period is the 16th and you make your payment on the 31st, you will incure a late fee from your bank. However, you will not be hit with the 1x30. Just make sure that when you're cutting it this close (on the last day) that you confirm the cutoff time for payments to be posted on that day.
It would probably be best to make online payment so you have a confirmation with time and date or moneygram it. |
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gregooglymoogly
|
no, not after only 20 days but they will likely start to call you after the grace period because your account will go into collections. I know someone who is 4 months behind and they still haven't started forclosure proceedings yet.
On a personal experience level, I have been there. As of earlier today, I was 2 payments behind. I paid one today and will pay the other in the next coming weeks.
After talking to the mortgage people about my situation, they told me that one of the past 30 day payments was reported but they won't report the second so long as I pay when I said I would. They also told me that they understood my situation and as long as I kept in contact with them then there really shouldn't be any real issues regarding action against me and my house.
The bank does NOT want to own your home. If you find yourself in a real jam, the best thing to do is to keep in touch with the bank and they will likely work something out with you.
I was embarassed to call them which is why I waited so long to, but I feel like such a weight has been lifted after I made that phone call today.
Good Luck. You are not alone. |
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JJ
 |
No, you will be charged a late fee. However, you can call you mortgage company up and explain your financial dilemma, and work something out (have payment deferred). They are usually understanding. That way your are not reported as late, your late fee can be waived and your credit history does not suffer.
Goodluck! |
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