What happens if I miss a mortgage payment?
Missing a mortgage payment doesn’t instantly put your home at risk—but ignoring it might.
The First 15 Days: You’re usually safe within this grace period. Make the payment as soon as possible to avoid late fees.
Day 30: Your lender reports the delinquency to the credit bureaus. Expect a score drop and potential issues qualifying for new credit.
Days 60–90: Multiple late payments compound credit damage. Lenders may classify your account as “in default” and assign loss-mitigation specialists.
Beyond 90 Days: Foreclosure warnings may begin, depending on your loan type and state regulations.
Recovery Steps
- Pay what you can, even partial amounts.
- Document your situation and contact your servicer.
- After resolving, ask your lender to remove late fees or goodwill-adjust the report.
A missed payment is a setback—not a sentence. Acting fast makes all the difference.
Even if you have been turned down by another lender, LENDERLINE has a loan program for you.
Call LENDERLINE at 1-888-661-7888 or complete this form to schedule a FREE mortgage consultation.