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Missing Mortgage Payment -----GRRRRR!

March 14th, 2011 at 11:56 pm

So I went to deposit our Deadwood money in the bank today and when I got my receipt I was surprised at how much we had in our checking account. So when I got a chance I went online and checked our internet banking and saw that our mortgage payment had not come out yet! We mailed it on 3/1/11.......so I called the mortgage company and they said that they had not received it. So I could pay by phone ($17.50 fee) or by internet ($12.50 fee) or I can wait and cross my fingers that somehow the payment gets applied by tomorrow otherwise I get a late fee ($50.00). UGH! So I paid by internet, but just made the regular payment, and did not make my principle payment because if the checks are received then they will get cashed too and I didn't want like $4K coming out of my checking account at once. The rep I talked to said if they do receive the checks they will cash them and apply them to Aprils payment. BLAH so irritated by the whole deal. Guess we will wait and see what happens now. Frown

Posted in Mortgage/Debt Payoff | 5 Comments »

5 Responses to “Missing Mortgage Payment -----GRRRRR!”

  1. WISEWOMAN Says:
    March 15th, 2011 at 01:54 am 1300154099
    1300154099

    Have you considered automatic deduction? I have my mortgage payments automatically deducted from my checking account and it doesn't cost me a penny. I find it hard to believe it takes 14 days to receive a payment. Maybe it's stuck in their mailroom.

  2. Petunia 100 Says:
    March 15th, 2011 at 02:56 am 1300157772
    1300157772

    How frustrating, Banker Gurl. It's a good thing you noticed it today so that you are out $12.50 instead of $50.00!

  3. MonkeyMama Says:
    March 15th, 2011 at 03:24 am 1300159460
    1300159460

    I'd look into online banking. SO MUCH SIMPLER. I do not automatically deduct anything, but just set everything to pay a month ahead of time.

    I suppose mistakes happen in any format, but the mail is horrible here. Things would regularly disappear for days or weeks, so I stopped paying bills through the mail. No problems in many years of online bill pay, in comparison.

  4. CampFrugal Says:
    March 15th, 2011 at 12:50 pm 1300193443
    1300193443

    I don't pay my bills via the postal service anymore unless it is a doctor bill or property taxes, something like that. My everyday monthly mortgage, gas, electric, internet/tv/phone, cell phones, credit card payments all get paid online through my bank account.

  5. Banker Gurl Says:
    March 15th, 2011 at 11:24 pm 1300231444
    1300231444

    We pay EVERYTHING by Discover card so we don't usually have this problem. Until recently we had our mortgage at a local bank so I would actually drop it off. But now we have a new lender and we could set up auto pay, I tried to look on the website, but can not see anywhere if there is a charge for that......but if they charged me to pay it online this time I would guess they will charge next time too. The main reason I don't like to pay the mortgage by auto debit (besides possible fees) is that we pay extra every month and it is not a set amount, so I wouldn't be able to set it up for everymonth.....I guess I need to figure something out though since we can't have this happening again.....

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