My mortgage got sold to Freedom Mortgage. They said there would be a 60 day grace period where I would get no late fees and no reports to my credit. Would it be dumb to wait the 60 days and then pay them to avoid a couple mortgage payments here? OR are the payments going to stack up and I end up paying them anyway.

This post was edited on 10/14/24 at 2:40 pm

4 ...

Report Post

Posted by ItzMe1972

Member since Dec 2013

12207 posts

Posted on 10/14/24 at 2:48 pm to ThermoDynamicTiger

Just pay like you nornally do. There is nothing to be gained.

1 ...

Report Post

Posted by ThermoDynamicTiger

Baton Rouge

Member since Jul 2008

1449 posts

Posted on 10/14/24 at 2:50 pm to ItzMe1972

0 ...

Report Post

Posted by Tiger Prawn

Member since Dec 2016

25188 posts

Posted on 10/14/24 at 3:24 pm to ThermoDynamicTiger

quote:
OR are the payments going to stack up and I end up paying them anyway.

Yes

0 ...

Report Post

Posted by VABuckeye

NOVA

Member since Dec 2007

38283 posts

Posted on 10/14/24 at 6:57 pm to ThermoDynamicTiger

They’re saying the transfer of servicing may cause hiccups and they’ll be forgiving. In no way does that mean that you should withhold payment. That would be stupid.

1 ...

Report Post

Posted by VermilionTiger

Member since Dec 2012

38885 posts

Posted on 10/14/24 at 8:05 pm to ThermoDynamicTiger

Mine did too

Just pay the thing, man. What are you going to gain?

0 ...

Report Post

Posted by SDVTiger

Cabo San Lucas

Member since Nov 2011

93784 posts

Posted on 10/14/24 at 8:52 pm to VABuckeye

quote:
They’re saying the transfer of servicing may cause hiccups and they’ll be forgiving. In no way does that mean that you should withhold payment. That would be stupid.

This. They just mean if you send your layment to the old servicer or didnt read your mail and you have auto pay that there wont be any lates reported/late fees added

Make sure you pay them

Page 1