Comments on: Juggling Funds So Our Mortgage Check Won’t Bounce

By: Mari

Mari — Tue, 30 Oct 2007 21:25:48 +0000

Oh boy do I know how that feels. I’ve also paid the mortgage online out of the wrong bank account (we an older account that we pay my (far smaller) paycheck into). Nothing like hauling bootie from one bank to another on your lunch hour so you can move the money before the mortgage company tries to take the money out and then assesses a fee once it realizes the money isn’t there. Then of course the bank will want ti assess its own fee for the inconvenience of not having the money to give the mortgage company. And so it goes…

By: ro

ro — Tue, 30 Oct 2007 18:53:43 +0000

You can always get a ING checking account and use it to pay the mortgage. You get instant transfer from savings to checking, also some interest…
Also you can ask the mortgage company to move the payment date few days after your paycheck day to be sure…

By: Chief Family Officer

Chief Family Officer — Tue, 30 Oct 2007 14:40:46 +0000

Have you considered setting up an automatic deduction from a bank account for your mortgage? Even though our mortgage payment is technically due on the 1st of each month, our lender let me select the 10th as the payment date.