Midland Mortgage Company
GMAC supposedly sold my mortgage house loan (which I am a long standing customer and have usually created payments on time) to some organization known as Midland Mortgage Organization with out warning at all. Now all of a sudden Midland Mortgage organization has property loan and will only take the payment out on the 1st of the month (which I have never had a problem with selecting a payment date with GMAC) whether or not you have dollars to pay it precisely on the 1st or not. Is there any way feasible to change the due date with this organization or had been they being truthful when they said that they can only take payments on the 1st of the month (something I have in no way heard of with a mortgage organization)?
Answer by Landlord
If your original mortgage contract has a distinct date they have no option.
Answer by Lisha
you really should be able to schedule your payments with your mortgage organization, credit cards and so on. so it will be handy for you to correlate it with your budget.
Beggining of the month, when we were young, was a nightmare…. I named the bank and asked them to make my mortgage due on the 23rd because that week was nothing happening. They had been quite acommodating. It was a bank not a mprtgage firm.
If your request was denied by a rep on the phone send it in writting. Occasionally a rep being lazy may well tell a fib. Follow up with emails and insist. I cannot believe a huge mortgage company cannot be flexible to assist the consumer.
I also have a dilemma with automatic “taking out”. You lose your control. I prefer sending a Bank check when I give them instructions to do so. Vendors are finding just a small too nervy for their own excellent.
You can always renegotiate the mortgage with an additional company (preferably a Bank) since now the interests are way down.
Great luck.