Question

What happens if I am 30 days late on my mortgage?

Answer 1

When you have a mortgage and are 30 days later on the mortgage payment then you'll usually get hit with a late payment fee for the mortgage.

The late fee for the mortgage varies from bank to bank and it might only be $50.00 and might be as much as $100.00 to $200.00 for the late fee on the mortgage payment.

If you're gonna be late on your mortgage it's best to contact the bank and let them know and they might even wave the late mortgage payment fee if you've been good at making the payments before.

If you get too many missed mortgage payments such as more than 3 mortgage payments then you will usually get foreclosed on.

But missing one mortgage payment won't get you foreclosed on.

However being late on your mortgage payments can also lower your credit score.

Answer 2

First of all, you will have to pay a fee. But also, it may affect your credit score. If you don't have money and you need a loan or refinancing options, you can apply to ClearPath Lending. This company has plenty of positive reviews that's why I decided to work with them and didn't regret it. Highly recommended!

Answer 3

Being 30 days late on your mortgage payment usually means you'll need to pay a late fee and pay up the missed mortgage payment.

Being late on your mortgage payment can also affect your credit score and lower your credit score as well.