Elcid89 wrote:
This is spelled out in FHA mortgagee letter 09-52
http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-52ml.pdf
I would say, if it gets close to the 30 day late mark, to pay. According to the HUD letter. When in doubt, conventional wisdom would say it is always better to pay then not to pay.
FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012
May your limits be high and your balances low!
