Posted on: 18th Oct, 2013 05:23 am
What is the maximum amount that can be charged when your payment is ten days late?
Welcome Rebecca,
It is difficult to say as to how much late fees will be charged. Also, you should note that there is a grace period of 7-10 days. If you make payments with that grace period, no late fees will be charged.
It is difficult to say as to how much late fees will be charged. Also, you should note that there is a grace period of 7-10 days. If you make payments with that grace period, no late fees will be charged.
Maximum late fee charges vary from state to state.
No one can answer your question unless you note in what state the property is located.
No one can answer your question unless you note in what state the property is located.
Well, the maximum amount that can be charged when your payment is ten days late differs from one state to the other. As such, it is quite difficult to say as to how much you will be charged on your property.
Almost all mortgages have the payment due the first of each month.
They have a grace period and no late fees are due unless paid after the 16th of the month and the amount of that late fee varies from state to state and sometimes varies by loan type--conventional versus FHA.
So, if you are ten days late, there should be no late fee.
They have a grace period and no late fees are due unless paid after the 16th of the month and the amount of that late fee varies from state to state and sometimes varies by loan type--conventional versus FHA.
So, if you are ten days late, there should be no late fee.
Where do you stay? It depends on the state. You can ask your mortgage lender as they're the right people to help you out.