Can I change my mortgage Payment Date? Our products. View more products View less products. Ways to bank. Online Banking. Metro Bank app. Store Locator. Contact us by phone. More useful phone numbers. Lost and stolen cards Lost and stolen cards Call 08 08 to report your card lost or stolen. Card security, card fraud and card disputes Call 08 08 if you are worried about fraud on your debit, credit or cash card or your card has been blocked. Account security and fraud Call 08 08 if you are worried about the security of your Metro Bank account or if you are suspicious of fraudulent activity on your account.
Switching your account Want to switch your personal or business current account to Metro Bank? Opening hours: Monday to Friday: 9am to 5. Mortgages Mortgages Existing customers: For questions about your existing Metro Bank mortgage, call Opening hours: Monday to Friday: 8. Savings For help with our savings products, including ISAs, call us on Ask Question. Asked 10 years, 7 months ago. Active 2 years, 7 months ago.
Viewed 19k times. Improve this question. Have you called the lender to ask? Related question about mortgage due dates: money. It depends on lender but usually you can only change it so many times. Also, if you are like some people you have to split your paychecks in half. So you will have to hold money from first paycheck and combine with second paycheck to pay mortgage. It's fairly typical. Add a comment.
Active Oldest Votes. In effect, you'd like 30 days grace, to catch the next paycheck. Improve this answer. It sounds like you're behind on a payment. Is that the case? Scott Scott 5 5 silver badges 12 12 bronze badges. Having an early due date like the 1st or 2nd and banking with Chase can be tricky paying your mortgage payments around a weekly pay period. If your payment gets there on the 31st intended for the 1st , bam, you just posted a principal-only payment and you now owe another mortgage payment the next day, or risk foreclosure proceedings to start in 30 days.
Thanks for sharing that info. I was with the understanding that due on the first meant it is due on the first but the lender or department store must allow 15 days before it is marked late….. I just got off the phone with Kohls and I have a late fee of I pay all my bill on the first week of the month and never had much of a problem…. Kohls is just making this because they can get extra money for nothing…. I spend a couple of hundred dollars every other month at Kohls… NO More, their loss….
I need to find what the government rules are… do you know the site I should go too… hope so Roger Fossette. Conversely, can a lender subsequently change the payment date without informing a customer in writing? If they do not inform the customer in writing what steps can the customer take? My wife is a school teacher, no income over the summer. We pay the summer months mortgage payments ahead conventional escrowed month to month mortgage. No point in speculating — best to ask your servicer directly how payments will be applied.
The extra principal payments are better served by being applied as soon as possible to lower interest expense in subsequent months. We sent in our first mortgage payment which is due on the 1st of the month. Should I expect to see the withdrawal by the middle of the month? It depends on the bank really. I had looked into my loan paperwork for my mortgage and it says that I will be charged at late fee after 15 days.
My question is if I pay my mortgage 6 days after its due date once will there be a mark on my credit report for it? My mortgage is with WF and as indicated in previous posts my mortgage is due on the 1st of every month and as shown on the statements received the latest I can pay my mortgage is the 16th of the month before being penalized with a late payment fee. This is my first encounter on being late thus, my biggest concern is the affect it may have on my credit I just ran into emergency expenses this month thus, I cannot make a payment on the 16th but will have funds days after.
Will paying my mortgage then drastically affect me? Bank of America policy can not be paid more then thirty days in advance. Just got off phone with them I have always paid a month in advance well in sept a check arrived to early which made it 32 days advanced so they applied to principal then sent statement requesting two months payments for dec and jan with a I phoned had them apply to payment and not a extra principal payment as indicated on the coupon Now they removed the late fee and the next pmt is due February one!
I think since the coupon clearly stated to apply to payment and the month , this is a tricky way to punish a person for paying early an adding bogus late fees! I did get it corrected but fail to understand there math! I really feel like they tried to pull a scam! My husband has a home. Thanks, Debbie B. A quit claim deed can get you on title. I will pay off my mortgage next month. After paying all that interest I will still owe more for paying it early?
Anyone have any idea how they came-out with that figure? Due date is 1 Feb This has been a common problem for 3 months and, as well, i tick the address change box, noting the post box address but nothing changes.
I called but they insist I tell them on the phone my full SS. Perhaps they can verify in a way other than asking for your Social. Why is that? I have a question. Can my bank post my mortgage payment on the next business day and charge late fees, even though they got is on the due date?? But this is a bill payment???? Maybe you can ask them to waive the fee in good faith as a courtesy. After that you might be looking at a flat, one-time late fee, and if it goes too long over 30 days you get into more trouble with a late on your credit report.
Is that legal? I bill pay my mortgage payment. The bank electronically makes the payment. Have a great weekend as well, thanks! My daughter has had a mortgage with good payment record for 4 years. Today she realized her June mortgage payment was never made by her husband and immediately made the payment.
She is also in the process of selling her present house and buying a new one. Will this late payment be on her credit report and will it hurt their chances for a mortgage on the new house they are buying? Generally, payments need to be 30 days late to be reported as late on a credit report, so hopefully she is okay. Colin, please help. We have had the same mortgage company for 12 years. Last year my mother fell ill, my husband and I traveled with our 10 children to care for her and my father during Christmas.
We had not realized our mortgage payment due on the 15th did not go through. We immediately paid it the first week in January and were assured by the bank it would not go on our credit score. We tried to refinance this year to make some much needed upgrades and repairs on our home, only to find it had been reported as 30 days late. After calling the bank we were told they report to the credit agencies the 3rd of each month regardless.
I wrote a letter of goodwill with a denial. My question for you is, the payment was not 30 days late though it was reported as so. I am not denying we were late, but do I have a case for dispute. We have never been late in twelve years with the exception of this one incident. I got a home loan thru my bank 21 years ago and the payment coupons always showed the late date first was the 15t then the 18th plus the penalty fee. The bank sold the note to Freddie Mac long ago so now just services the account.
Does that mean I no longer have a grace period or are they cutting me some slack? Since then I have taken care of the wood and paint then replaced the storm damaged shingles. Probably best to ask the current loan servicer directly to clarify on due dates and grace period. If you feel it is being misreported you can file a dispute with the credit bureaus Experian, Equifax, Trans Union online. My question is I recently moved from Indiana to Missouri and bought a home. This required me to switch from chase to Bank of America with no chase bank in Missouri.
I always pay my mortgage earlier then the grace period which is the 16th. This caused my check for my mortgage to bounce! I saw it today and moved money back to the correct account and paid it again!
0コメント