Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Mortgages (https://www.askmehelpdesk.com/forumdisplay.php?f=212)
-   -   What are rolling lates? (https://www.askmehelpdesk.com/showthread.php?t=71663)

  • Mar 13, 2007, 12:34 PM
    cplanda
    What are rolling lates?
    I want to refinance and want to know what are rolling lates? I was 30 days late on my November, December, and January but now I'm caught up on payments. Would this be considered a rolling late?
  • Mar 13, 2007, 12:59 PM
    Dolson
    Quote:

    Originally Posted by cplanda
    I want to refinance and want to know what are rolling lates? I was 30 days late on my November, December, and January but now I'm caught up on payments. Would this be considered a rolling late?

    Yes. What it means is that your balance from November "rolled" into December; December "rolled" into January etc. Really means that you were 90 days late on your November bill

  • All times are GMT -7. The time now is 12:39 AM.