Just a question here. Things are a little tight with my DW having not worked. She goes back 9/1 and won't get paid until 9/15. I get mayd on the 26th and the 9th.
I'm considering paying my mortgage payment due on 9/1 on the 9th. I know that's well within my grace period. I'm also not worried about falling behind because I stick with my budget pretty well (learned that lesson the hard way).
Given the summer circumstances, I'm trying to protect a little bit in case we need the money and this option seems to work well..I'd really rather not take a COVID 401k withdrawal.
So anyway my question: While I know I won't get charged a late fee since I'd be paying before the 16th, I also know that the payment is considered late after the 1st. So are they other potential consequences to paying late one time but within in the grace period, other than maybe a phone call? Could it negatively impact credit since I know sometimes the post statements around 6th or 7th of the month? Could it change my interest rate or hinder any ability to refiance down the line (though that's unlikely since I already re-fi'd once)?
Just want to make sure i'm not missing something obvious. Loan is with Penny Mac USA
Thanks in advance
