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Mortgage late 30 days from what?


penman
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Just because you make a mortgage payment by the end of the grace period does not mean you are not late. It only means that the mortgage company does not begin assessing penalties until that date. If your mortgage is due on the 1st and your grace period ends on the 15th and you pay on the 15th, you are still 14 days late. Therefore, as stated above, if your payment is due on the 1st and you pay on the 31st, you are 30 days late and can be reported as such.

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