Question

Ok, I am on the fence here. we have a card payment that is 0% finance (replaced an appliance) until May 24th. After that, they will tack on the past years interest. There is $1800, which is what I pay for my mortgage/taxes/insurance. I usually pay mortgage early. Is it completely wrong if I delay my June mortgage until June 5th (still fine)? Once this is paid off, we should be able to refinance the house too, just won't lose PMI. With July being an extra week, I will be back to paying before the start of August.  

Answer 1

Nope. Pay the credit card off for sure. Pay it BEFORE the 24th. Like the 22nd Most loans aren’t “late” until after 30 days. That doesn’t mean there won’t be fees. Then resume your payments as normal.  

Comments

@affable2292 thank you. That was my thought, but I didn't want to be completely wrong on it.  

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@zebadiah you ain’t wrong. Don’t pay interest on the appliance.  

Answer 2

Our mortgage is late after the 15th. Most have a grace period. When I was hustling to pay off my car, I chose to pay the mortgage with in the grace period and pay off the car instead.  

Answer 3

My mortgage isn’t considered late until the 15th. I’ve been paying during the grace period for years because my mortgage company will only accept a larger payment if it is payed 7 days after the 1st. I usually pay on day 8. My mortgage is currently being refinanced and my payment choice has had no negative effect on that process and I’ve never been charged a late fee for paying after the first, before the 15th. I would pay the card before interest hits.  

Answer 4

I usually pay my mortgage during the grace period. It's considered late after the 16th for me. I usually pay between the 3 and 12 and have never had an issue

Answer 5

I never pay my mortgage of the first. We have a ton of other big bills that come out that day, so I have to wait Until my next paycheck. I get paid every 2 weeks. This month, it’ll get paid on May 14th when we get paid again

Answer 6

Pay the credit card !  

Answer 7

Pay the cc

Answer 8

I have always paid within the Grace period. Somehow the payperiods have shifted and we were able to pay prior to the 1st of the month. I just wanted to make sure I wasn't a lunatic for wanting to pay off before interested. I have already set up the payment on the cc. Thank you all!