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.
One late payment can stay on your credit report for a long time! It basically depends on what type of account you were late with, I think. I have found late payments from about 6 years ago on my own report and on my husband's as well. The biggest impact on your credit score seems to be how recent the late payment was, and on what type of account.