Rushmore reports to the main credit bureaus every month, so even one late payment can affect your credit report. When payments are made on time, this monthly reporting helps you build a positive credit history.
Generally, no. But if you anticipate that you may have a problem making your full monthly payment, please contact our Home Retention Counselors immediately at 888.504.7300 for assistance and to discuss options available to you.
Please visit our Mortgage Assistance webpage to learn more about all options available and how to apply for assistance.
If a payment is not received by your due date or within the applicable grace period, you will be assessed a late fee. This late fee will be posted to your account one day after the end of your grace period. Late charges vary according to the terms of the loan and applicable law in the state where your property is located, as well as and based on the type of mortgage loan that you have.