If you’re like most people, your mortgage is due on the first of the month. But your lender gives you until the fifteenth to make your payment before you incur a late fee.
Bank of America is changing the status quo – and not for the better.
As of February 14, 2011, many homeowners with a Bank of America Mortgage will find their grace period cut almost in half!
Read more at, B of A redefines ‘grace period’ with new fee.