There are different ways to tackle this so you can make a mortgage payment on time.
There are many ways that are very convenient for you to pay your mortgage, here are the pros and cons of the various methods of how to make a mortgage payment:
The easiest option for most homeowners is to pay for their mortgage either through their bank or mortgage lender’s website. Paying online means consumers can decide when they want to make the payment, maintain a record of when it was made and ensure that it is paid by the due date.
Choosing automated withdrawals pulled from your checking or savings account is another easy option to make sure your mortgage is paid on time each month.
This option is set up on the lender’s website and it means the lender will automatically withdraw the mortgage payment from your bank.
Problems and emergencies can crop up such as an illness or a loss of a job. Until you get back on your feet, paying your mortgage with a credit card could be your only option for the short-term.
Making a mortgage payment over the phone is another option to avoid paying a late fee, especially if you forgot to mail in your payment before the deadline or have not set up a payment process online.
In-person or by post
If your mortgage servicer is located in your hometown, the company might accept payments in person. You can make a payment by check or even using a money order. Money orders are secure payments since they do not include any personal information, but they have one major drawback. The amount of a money order is often limited to $700 or $1,000.