Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

How Much Does A Late Mortgage Payment Hurt My Reputation?
When you closed on your home, you signed a whole stack of documents, which you likely just skimmed at best. However, in that stack of papers was what's known as a promissory note. Now would be a good time to dig up that note and take a closer look because it's an important document that you should have in your files.
 
The promissory note is the paper on which you agreed to the amount of your monthly mortgage payment, the date that payment will be due each month, and where you'll be sending that money. It also lays out any consequences that may result of you not paying on time or as agreed.
 
Most fixed-rate conventional mortgages use Form 3200 from Fannie Mae. You should pull this file out from your paperwork and have a look. In the promissory note, you'll find information about when your payment is due and what happens if you miss a payment.
 
Luckily for you, there are grace periods that come along with due dates. Most often, there is a 15-day grace period to be exact. This means, if your mortgage is due on the first but you don't pay until the third, you're alright. You paid within the ... more

__________________________________________________
Are you on The Rain? Grow Your Network!