When is a Wells Fargo mortgage payment considered late?

Q. When does Wells Fargo consider my mortgage payment to be late? Is there a grace period to pay without a late fee?

Adam answers:

Technically Wells Fargo considers your payment to be late if it is received after the due date printed on your bill or shown on your statement. However, there is a 15-day grace period, so in reality you won’t be charged a late fee unless you go beyond those 15 days.

An easy example: If your mortgage payment is due on the 1st of the month, you actually can pay it on or before the 16th of the month and Wells Fargo won’t charge you a late fee.