Basic Facts
Basic Facts about Your Mortgage
Build Good Credit: A good payment record is essential for a good credit score. Late payments may be reported to the credit bureau.
Avoid Late Charges: Make sure SCSHFDA receives your full payment on or before the 16th of the month. Payments not received by the 16th will be considered late and are subject to late charges. Most late fees are 4%; refer to your mortgage for your late fee rate.
Avoid Late Payments: You should call Delinquent Accounts staff at (800) 476-0412 or (803) 896-9521 immediately if you encounter any problems such as unemployment, or other loss of income, which may affect the timeliness of your payments. Prompt notification will give our loan counselors sufficient time to work with you to address problems. If you are having difficulty making your payments, please don’t ignore the situation. We may be able to work with you on a revised payment plan to help you keep your home.
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