Although interest rates are on the rise, it's still a great time to purchase a home. Speak with one of our expert loan officers today!

What happens if I can’t make my monthly mortgage payments?

Many lenders offer a grace period so that you can make your payment without penalties or late fees. After 15 days, you’ll be charged a late fee, and your loan will go into default after 30 days. At that point, the lender will start to report your overdue payments.

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