Go to Jeff Salisbury LWGate Home Page.From: BOB FORD <BOB_FORD@compuserve.com>
Subject: ONLINE BANKING
Date: Fri, 22 Jan 1999 09:20:14 -0500
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>From: "Sheth, Kalpesh" <sheth@lucent.com> >(1) My regular mortgage payment was received by the mortgage bank on >01/08/99 (after 10 days) >(2) Extra payment (which was made on the same day also) never got to the >mortgage bank. >Question is what are my options? Is there anything I can do to make things >right? >Thanks, >- -Kalpesh Sheth = > sheth@lucent.com = It sounds to me like it is time to find a new bank. Some mortgage lenders now charge you interest every day until they receive your payment no matter when your payment is due. For example if your payment was due on the first and the lender received the payment on the 5th, they would add on 4 days extra interest. They claim they should be paid interest for every day you have their money. Does your bank mail the mortgage payments to your lender? Ask them if they will do an automatic electronic funds transfer to your lender on a set day of the month. This will avoid the "lost in the mail" problem you are having. Electronic funds transfer has a record of when the lenders received your payment. GOOD LUCK BOB FORD BOB_FORD@COMPUSERVE.COM http://ourworld.compuserve.com/homepages/BOB_FORD/ FAX 714-637-2955 = Editor of the 57-56-55 CHEVY LIST and TURBOGLIDE REGISTRY = - -
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