How late can I be on my mortgage payment before it affects my credit?
Answers | 2
As far as the lender is concerned, you are late after their grace period, which in general is between 10 to 15 days, but check your mortgage note for the actual days and the amount of the late fee. Now, when it comes to your credit you have 30 days to get that payment in and...posted.
If you are having difficulty and need to skip a payment without a late pay being reported on your credit, it is best to contact the lender immediately. They might agree to put that missed payment on the end of the loan. You'll most likely end up paying interest on the one month extension but your credit history will be intact.