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Answers (7)
Best Answer
- Robin Gentry MLO113119 CL 36130, "Robin Gentry"
- Contributions:46
What comes to mind when I read your comments are; Why is the lender asking for your landlord information? Do you have limited or no credit?
Is your lender trying to add the rental payments as a line item to your credit report? If that is the case, typically we as lenders are required to utilize a third party for a tri-merge credit report. 99% of credit reported through these third party entities are not considered delinquent or late unless payment is received 30 days or more late. I hope this helps
Is your lender trying to add the rental payments as a line item to your credit report? If that is the case, typically we as lenders are required to utilize a third party for a tri-merge credit report. 99% of credit reported through these third party entities are not considered delinquent or late unless payment is received 30 days or more late. I hope this helps
- user445559
- Contributions:8
The main reason we do not pay on the due date is because it is stated in our lease that we are to pay him at his local business which within the last four months has changed and is not open expect for the weekend. I have spoken with him. I am not sure what he will write on the renters verification form. We have had some issues while living here and recently got a letter from him stating that they no longer wish to rent to us. We have three small children who are very afraid of dogs. Since moving in we always have dogs in our yard to where the kids do not even enjoy going out. The dogs that come into the yard are vicious in nature. We have asked the owners to keep the dogs out. But of course they have not. They say that they never had a problem unitl we moved in. We have been to our town board about the dogs, contacted the police. So we have done everything that we can to ensure our childrens safety, while our neighbors havent liked the fact and have complained to our landlord about it. I have researched and see that he can't say that we are late unless we have been 30 or more past due which has never happened. The most it has ever been is 4 days.
- Cindy Quinton, "Cindy Quinton"
- Contributions:1323
Again, I'd like to hear what a lender has to say. My understanding is the person will be asked to submit the actual payment dates and the payment due dates. I am curious what the lender guidelines say.
No offense meant, I simply would like to hear what the professionals who deal with this all day everyday have to say.
No offense meant, I simply would like to hear what the professionals who deal with this all day everyday have to say.
- Don Greenberg
- Contributions:261
Again, I highly doubt the landlord will claim the rent was late in this scenario as the landlord has created the grace period, a time which he/she feels it is still acceptable to pay rate without any kind of penalty.
As Kristin mentioned, which I think is an excellent idea and will clarify all, speak with your landlord, most of us are very nice!
As Kristin mentioned, which I think is an excellent idea and will clarify all, speak with your landlord, most of us are very nice!
- Cindy Quinton, "Cindy Quinton"
- Contributions:1323
I hope a lender comes in and answers this question, I'm (as usual) curious.
- Kristin Stone, "HomeHappyKristin"
- Contributions:17
I suggest you call your landlord and tell him you are planning to buy a home. I would ask the landlord whether or not he will report that you were a good tenant who paid his rent on a timely basis. I would thank my landlord for choosing me as a tenant and indicate that I would cooperate with showing the property so that the landlord could find a suitable replacement tenant in a timely manner.
As a landlord, I would appreciate the extra effort you have taken to personally deliver rental payments for my convenience. It is certainly easier to pop a check in the mail or pay a bill online.
Good luck!
As a landlord, I would appreciate the extra effort you have taken to personally deliver rental payments for my convenience. It is certainly easier to pop a check in the mail or pay a bill online.
Good luck!
- Don Greenberg
- Contributions:261
Well if the rent is due on the 5th and you aren't paying on the 5th then technically it is late. You are paying late without any penalty though since you are falling within the grace period. I am sure you would pay on time if there was a penalty.
My experience as a landlord is: if someone paid within the grace period, I would never tell someone else they made late payments strictly because you, along with other people, know there isn't any penalty for paying "late", otherwise you would pay on time.
Hope this helps.
My experience as a landlord is: if someone paid within the grace period, I would never tell someone else they made late payments strictly because you, along with other people, know there isn't any penalty for paying "late", otherwise you would pay on time.
Hope this helps.
Pay rent after due date within grace period
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