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How Can I Avoid Paying Extra for Making a Mortgage Payment Online?

Jul 27, 2020
Shamis & Gentile, P.A.
mortgage payment fee

The best way to avoid paying extra for making a mortgage payment online is to empower yourself with knowledge. Mortgage lenders sometimes charge additional fees such as “processing fees” when borrowers pay via an online website and this is often unlawful. If you feel that you are unlawfully paying a mortgage payment processing fee, you may consider a mortgage payment fee lawsuit. 

Familiarize yourself with mortgage payment online fee descriptions

To know what you are looking for, you must familiarize yourself with the various descriptions these processing fees might be given in loan agreements or on billing statements. They might be called a “processing fee, speed pay fee, convenience fee, online platform fee, pay to pay fee” and so on. 

Read the terms of your mortgage loan agreement

Never sign a contract or mortgage loan agreement unless you have read and understood it. Read the terms of your loan agreement carefully to understand what you are obligated to pay. If you sign the agreement without scrutinizing it and processing fees are included, the company can charge you for your online transactions. 

If these charges are not stipulated beforehand, the company cannot legally expect you to pay them. If the mortgage company continues to charge you for online transactions, you can take appropriate legal action and contact a mortgage payment fee lawyer in Miami such as Shamis & Gentile, P.A.

Scrutinize your mortgage loan billing statements

Scrutinize your mortgage loan billing statements every month. If you are charged unexplained fees or fees for paying online and they are not specified in the loan agreement, contact your mortgage company in writing requesting clarification. If the company acknowledges a fee in writing that you feel is unlawfully charged, written evidence can help if you are entitled to compensation. 

Shamis & Gentile, P.A. is available if you need a mortgage payment fee lawyer in Miami, FL.or nationwide. Contact us today if you are charged unlawful or excessive processing fees when you do a mortgage payment online.

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