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Wandering_Lights t1_ixx5h9e wrote

They will show to WF as slow payments and probably make them less willing to lend you more money or work with you if you have issues with your mortgage. It also gives you zero cushion if something goes wrong or is delayed with your payments.

Yes interest will be accruing.

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gundamstar1 OP t1_ixx5ydh wrote

So this means, if I always pay on the 14th, I would be paying more interest over the lifetime of the loan, compared to if I paid on the 1st?

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