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1 Answer
FISH-O
If your mortgage payment is on the 16th of each month then the money must be paid on that date each month until the mortgage is paid in full completely. If there is another date, say ... the 21st or the 30th then that is the due date each month that the mortgage should be paid until the mortgage (loan) runs out or is paid in full.
When receiving a mortgage there is paperwork involved. The date in which the payment is due is clearly defined and very easy to identify.
In my understanding by referring to 'cut off' you are inquiring of 'due date'.
| 12 years ago. Rating: 3 | |
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