Home
E-Mail
Latest

Late Payment at Mortgage Glossary

What is it? A payment a lender receives after the due date has passed.

Mortgage Dictionary Term Added By: Layla

The Late Payment definition has been viewed 91 Time(s)!




Send To Friends!

If you'd like to send the Late Payment definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Late Payment. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Mortgage Terms:

Mortgage Term Tract home is Another term for a production home, a mass-produced house constructed by one builder in a project.

Mortgage Term Note rate is The interest rate specified in a mortgage note.

Mortgage Term grantee is The person who is the recipient of an interest in real property.

Mortgage Term Cash reserves is A cash amount the lender may require the borrower to have on hand in addition to the down payment and closing costs. The amount is determined by the lender.

Mortgage Term Easement In Gross is An easement that is not created for the benefit of any land owned by the owner of the easement but that attaches personally to the easement owner. For exam ple, a right granted by Eleanor Franks to Joe Fish to use a portion of her property for the rest of