1 $1,585: Average monthly shelter cost of a homeowner with a mortgage. 2  The average mortgage payment in 2011 was roughly $1,074 per month. 3  26.2%: Of homeowners with a mortgage spent more than 30% of their gross household income on housing (StatsCanâs threshold of âaffordabilityâ).4  Thatâs 1.4 million households. The average mortgage payment in 2011 was roughly $1,074 per month. 2  26.2%: Of homeowners with a mortgage spent more than 30% of their gross household income on housing (StatsCanâs threshold of âaffordabilityâ).
A late payment can stay on your credit report for up to seven years. This is the standard time limit for most items. Only a bankruptcy can stay longer -- up to 10 years in some cases.
Report Abuse. Late payments can stay on your credit report for up to 7 years, however, many lenders only take the last 12 months of mortgage history into consideration when refinancing your home.Source(s): http://www.fpf-direct.com. Jeremy R Â· 9 years ago.ate payments show for 7 years. Per Fair credit reporting act. any derogatory mark must be removed after 7 years, except for BKs. which can show for up to 10. It impacts your FICO score for 24 months. The older it gets the less it effects the score.