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