R here any problems for me within regularly paying my mortgage in recent times past the "payoff is late" date? Mortgage is "due" on the first of each month. I

Mortgage is "due" on the first of each month. I don't have dosh flow to pay it until the 12th of each month. Assuming that I am never latter than that, I always beat the tardy fee assessment which would come on payments after the 15th. Does perpetually paying in this style have any negatives as far as credit, etc.? (Suppose I did it approaching this every month for a 30 year mortgage . . .)

As far as your credit rating goes, no there should not be a problem. Since this is a mortgage, not rent, next you are getting hit with extra interest charges (interest accumulates every day). Check near your lender to see what the impact of this is on your loan.

I own done that many times and it has NOT artificial my credit

score. Just make sure you Never retribution it after the 15th of the

month.

Answer:
As long as it's not more than 30 days late, credit bureaus won't even know it was tardy. You will pay a penalty, but it won't be reported to the credit bureaus until after 30 days of lateness.

It won't affect your credit because it is not behind.

So -- what you are really asking is "Is it a problem if I make my mortgage payment during the 'Not Late Yet' time of year."

The answer is no -- it isn't a problem. The bank won't report you for being behind schedule if you aren't. You may want to check with them to make sure that within is no problem. You can even ask them about changing the due date.

You should be good because payment be less than 30 days late

Maybe you should work a partime profession for a while to acquire enough money to pay your mortgage on the 1st of the month. If you ever involve another loan, some lenders are critical of pay history & this could be a problem in securing such a loan as your retribution history as it stands seems to show a bit of being unresponsible. I hope this help...