Delinquency
Lending & MortgagesBeing late on a loan payment, typically reported to credit bureaus after 30 days past due.
Example
Example: Suppose you take out a $300,000 30-year fixed mortgage at 6.5%. Understanding delinquency helps you see how your monthly payment of approximately $1,896 is structured — and how this concept affects your total cost over the life of the loan. Use our mortgage calculator to see how delinquency impacts your specific situation.