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What is a late charge?

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What is a late charge?

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A late charge may be incurred if your payment is not received by the end of the grace period, which is typically ten days after your due date, or the end of the month.

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An additional charge a borrower is required to pay as a penalty for failure to pay a regular installment when due. For answers to specific questions or concerns, contact us at 1-800-403-3595.

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A late charge is an additional charge a borrower is required to pay as a penalty for failure to pay a mortgage payment when due.

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