A late fee should only be charged if a written agreement outlines this possibility. Some states have a cap on how much can be charged for a late fee; check the state laws regarding the maximum that can be charged. More »

www.reference.com Business & Finance Credit & Lending

Flagstar Bank, like most mortgage lenders, usually charges a 5 percent fixed late fee on the payment amount if a borrower falls behind by 15 days or more. However, some states do limit the amount of late fees lenders can... More »

www.reference.com Business & Finance Credit & Lending

While the laws regarding the three-day notice differ by state, in Florida, a property owner can deliver the notice if the rent is one day late. The owner has the option of hand delivering the notice or sending it by regu... More »

www.reference.com Business & Finance Real Estate

Dangers of reverse mortgages include their complexity, potentially pushy sales pitches, high fees and the possibility of the surviving spouse being evicted if the other dies, notes Investopedia. There might also be stric... More »

www.reference.com Business & Finance Credit & Lending

The My Loan Detail website has comprehensive information about a new homeowner's mortgage agreement, including details on payments, fees and responsibilities of the borrower and lender, reports Carrington Mortgage Servic... More »

www.reference.com Business & Finance Credit & Lending

A Control Card is a prepaid MasterCard that can used for a small monthly fee in order to avoid credit card debt and overdraft fees, explains Total System Services. Getting the card does not require a credit check, howeve... More »

www.reference.com Business & Finance Credit & Lending

The Capital One VentureOne Rewards credit card does not come with any foreign transaction fees or an annual fee; moreover, it carries the recommendation of CreditCards.com. Another no annual fee card CreditCards.com reco... More »

www.reference.com Business & Finance Credit & Lending