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So even though your mortgage payments are technically due on the first each month, you can pay as late as the 15th every month without any kind of penalty. This is known as the "mortgage grace period," similar to other grace periods you see with all types of other loans.
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Texas Mortgage Loans & Refinancing | Amplify Credit Union – Accuracy is not guaranteed. All loans are subject to approval. Your actual rate, terms and fees may vary. Your Monthly Payment calculations reflect only principal and interest, and amounts for taxes and insurance, if applicable, may increase your actual payment.