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What is the maximum allowable charge for a late mortgage pay

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ksumberger Joined: 01 Apr 2008 Posts: 1 1.25 Dollars($)	Posted: Tue Apr 01, 2008 11:07 am    Post subject: What is the maximum allowable charge for a late mortgage pay I am writing up a promissory note and need to know what the maximum allowable charge is if you are late paying your mortgage. Thanks!
larry Joined: 27 Jun 2007 Posts: 3328 474.49 Dollars($)	Posted: Tue Apr 01, 2008 11:48 pm    Post subject: Hi ksumberger, Welcome to the forum. Charges for making late payments vary from one lender to another but it may be like 5 percent of your due mortgage. Best of luck, Larry

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