payment calculator home equity line of credit Home Equity Line of Credit: 3.99% Introductory Annual Percentage Rate (APR) is available on Home Equity Lines of Credit with an 80% loan-to-value (LTV) or less. The Introductory Interest Rate will be fixed at 3.99% during the 12-month Introductory Period. A higher introductory rate will apply for an LTV above 80%.

For most mortgages, that grace period is 15 calendar days. So if your mortgage payment is due on the first of the month, you have until the 16th. Maybe you’re in danger of missing your mortgage payment.. If you can’t make your payment by the end of your grace period, it’s officially.

It is believed that mortgage lenders build in the standard 15-day, penalty-free grace period in order to make accommodations for the different payday schedules of their customers. It may also be possible that there are some states that prevent lenders from charging a late fee during the grace period.