I am one payment late and the bank refuses to accept my late payment. What can I do?
This is not uncommon in mortgageloans. Most personal loans are not so large or long term that a lender won't help find a way to get the loan current. It may be with an extension (interest only payment) or the acceptance of the monthly payment plus additional money intended to get the loan current after two or more payments. This is often accepted only after an agreement is made.
Mortgage loans often are so large that the lender wants a full payment and if you are past due, they will accept nothing less than all that is due. Adding $50 or $100 to the regular payment just isn't sufficient, as it could take a year or more to make up that one payment. If another problem happens causing another skipped payment, there is no way the borrower can make it up.
With income tax refunds coming to many people, this may be an avenue that will assist you. Communicate with your lender and look for a way to either make arrangements to make up the payment over a period of months, or tell them when you expect to have the complete payment. In the subprime mortgage crisis of 2008, many lenders are looking for ways to help borrowers.
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This is not uncommon in 