Domain: tiger-web1.srvr.media3.us Mortgage Transfer | Money Talk
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Mortgage Transfer

Posted on 10/14/24 at 2:30 pm
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1455 posts
Posted on 10/14/24 at 2:30 pm
My mortgage got sold to Freedom Mortgage. They said there would be a 60 day grace period where I would get no late fees and no reports to my credit. Would it be dumb to wait the 60 days and then pay them to avoid a couple mortgage payments here? OR are the payments going to stack up and I end up paying them anyway.
This post was edited on 10/14/24 at 2:40 pm
Posted by ItzMe1972
Member since Dec 2013
12299 posts
Posted on 10/14/24 at 2:48 pm to
Just pay like you nornally do. There is nothing to be gained.
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1455 posts
Posted on 10/14/24 at 2:50 pm to
Posted by Tiger Prawn
Member since Dec 2016
25352 posts
Posted on 10/14/24 at 3:24 pm to
quote:

OR are the payments going to stack up and I end up paying them anyway.
Yes
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 10/14/24 at 6:57 pm to
They’re saying the transfer of servicing may cause hiccups and they’ll be forgiving. In no way does that mean that you should withhold payment. That would be stupid.
Posted by VermilionTiger
Member since Dec 2012
39014 posts
Posted on 10/14/24 at 8:05 pm to
Mine did too

Just pay the thing, man. What are you going to gain?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
95034 posts
Posted on 10/14/24 at 8:52 pm to
quote:

They’re saying the transfer of servicing may cause hiccups and they’ll be forgiving. In no way does that mean that you should withhold payment. That would be stupid.


This. They just mean if you send your layment to the old servicer or didnt read your mail and you have auto pay that there wont be any lates reported/late fees added

Make sure you pay them
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