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my mortgage company allowed me to specify when I wanted the debit to be taken out of my account: the 1st, 5th, 10th, 15th, or 20th (with a fee).

So I decided the 5th.

I also decided to do this with my HELOC. The main reason why I decided to do auto debit is because my parents had paid on-time 28 years of their 30 year mortgage and they missed one payment for some reason (they got busy or something). 2 weeks later, they got a letter from the bank saying the bank wanted to foreclose. My parents were ticked because they knew that they had so much equity in the house (and it had appreciated DRAMATICALLY over 28 years). So the bank would have gotten a GREAT deal on the house.

They went to the bank the next week and paid off the mortgage in full and demanded the title release.

Anyway, I don't like those shenanigans, so better to just get the mortgage debited. Can't say I turned in a payment late.

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