How many days prior to my payment due date, should I be receiving my monthly mortgage statement?

How many days prior to my payment due date, should I be receiving my monthly mortgage statement?

1 Answer

No specific timeline required by Respa, but lenders usually want their clients to have the statements as soon as possible. Many will forward the next statement as soon as a payment posts (ie: make the Dec payment 12/1, get the Jan statement shortly thereafter). You certainly should have the statement before the end of the month. Keep in mind that mortgages have a 15 day grace period before any late fees accrue. As long as your payment is posted by the 15th, it's every bit as good as if it posted on the 1st.