A late fee balance can accrue over time and become a substantial expense in the future. One way to help bring down the cost of late fees is by making small payments over time.
ServiceMac gives you the ability to make partial payments toward your late fees, that way you can have a better homeowner experience. Instead of waiting for one lump sum at the end of the loan, you can contribute partial payments to your late fees and eventually chip away at the outstanding balance. Ultimately, you’ll be able to make the payoff process less of a burden at the end of your loan.