Mortgage Monthly Payments

pointer7

Hey everyone,

I'm a newbie here so hi! I just have a general question which I'm hoping someone can help with!

My current mortgage payment is due on 28th of every month.

I Have recently got a new job and my payday is now the last day of each month (as opposed to the 20th of each month at the moment hence the 28th direct debit date)

I called my mortgage company to change the date to the 2nd of each month just after I get paid which they have done.
Next payment is 28th May which is being taken as normal then another payment on 2nd june (as I have to make one payment each calendar month)

Will the 2nd of june be a full month payment? or just a small for between 28th may and 1st june? Im confused! but if the 2nd june payment is a full months worth then what was the 28th of may payment for?

Joe_Bloggs

Ask your lender as they must know how much they are going to take.
J_B.
I changed my payment from 1st to latish in the month a day after I get paid. I paid the interest from the first of the month to that date and then the normal repayment.

pointer7

I did forget to ask them at the time, they are sending letters to confirm but i tried ringing back and now can't get through! damn it

getmore4less

I think you will have moved the 28th June to 2 June NOT 28th May to 2 June.

bengalknights

It will be a full payment for both months

pointer7

ah that's kind of what I thought. Thanks for the help