Suntrust Mortgage Payment Grace Period

It is believed that mortgage lenders build in the standard 15-day, penalty-free grace period in order to make accommodations for the different payday schedules of their customers. It may also be possible that there are some states that prevent lenders from charging a late fee during the grace period.

I have received over 10 mailing from Sterus to. The last one was the same as yours a letter telling me I authorized a payment over $600 more than my monthly mortgage. It is like a scam letter to get you scared. I called my mortgage company and they told me they are a.

After giving-up a long time ago, in our attempt to get Suntrust to work with us to. UPDATE – 01/14/15: After giving-up a long time ago, in our attempt to get Suntrust to work with us to give us a loan modification, we’ve continued to make our monthly payments on-time all this time. yet are now encountering yet another problem with them!

Dear TWB, A grace period is a set amount of time after the due date during which a payment can be received by the creditor without penalty. The grace period can vary, but as an example, mortgage companies could have a 15 day grace period. This means if your payment is due on the first of the month, then you have until the 15th.

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SunTrust Banks Mortgage Complaint – – SunTrust Mortgage sends my mortgage statement more than 4 days past the grace period. For example ; my – statement for which payment is due – – arrived at my home on – -. SunTrust mortgage has a grace period of no more than 16 days from payment due date.

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By the way, your grace period is a set number of days after your official due date when we’ll still accept your payment without marking it as "late". If you pay after your grace period, the payment counts as late and may pick up some late fees. And those are always a drag. (reminder: autopay keeps the late fees away!)

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Nate is a Mortgage Loan Originator. Again, DON’T MAKE ANY PAYMENTS UNTIL YOU HAVE VERIFIED YOUR NEW SERVICER. Once your.