If my mortgage is due on the 1st of the month and the past due amount is due after the 15th, what happens to my credit or loan if I make my payment 2 or 3 days after the 1st?
As long as you make your mortgage payment prior to the 15th of the month you will have no “late fee” After the 15th of the month but prior to the first of the following month you must pay the full payment and late fees as shown on your monthly payment to avoid a 30 day late on your credit.
So only if you go 30 days late will this affect your credit, but you must be careful that you include any late fees due if you are paying after the 15th of the month.
Also worth noting, if you miss a payment one month and then make your next payment on time, it will actually count for the missed month. So you will be 30 days late again. This will continue until you can make a double payment.