👉 Sure! Let's play a game of guessing what "mortgage 90 days late" means, shall we?
Let's start with a classic: "What is the difference between a mortgage and a loan?" The answer to that question might not be clear to everyone, but for those familiar with the financial world, a mortgage involves taking out money to borrow money from a lender. A loan, on the other hand, is just that - lending someone more money than they need. Now, let's try this one: "What does it mean to have '90 days late'?" This is actually quite a complex concept and might be difficult for some people to grasp at first glance. It depends on your specific lender or the loan agreement you're dealing with. So, let's say I'm in a situation where my mortgage has 30 days left in payment and I still owe it $15,000. That sounds like a lot of money for me, right? But let's not forget about the other side of the equation - all these payments are scheduled to be made on time! So, what if I'm late again? Does that mean the lender will increase my monthly payment? If you're in this situation and wondering what "mortgage 90 days late" means, keep in mind that it's not a simple concept. It depends heavily on your lender's policies and the specific terms of your loan agreement.
