M&T Mortgage Payment Options - Account Login - Customer Service (2024)

Updated - 2022.03.09

Making a mortgage payment is an inevitable part of the home buying process. From the down payment to closing costs, a mortgage payment ends up being one of the most significant expenses you’ll have to encounter. If you’re already drowning in debt, paying for an additional loan might be your last straw. That’s why M&T developed a variety of payment options to help you get started with your M&T mortgage payments.

These 3 free online calculators can help you to find out how much your monthly payment on M&T Mortgage will be:

• 15-Year Fixed Mortgage Calculator
• 30-Year Fixed Mortgage Calculator
• Variable Rate Mortgage Calculator

Create an Online Account to Make Your M&T Mortgage Payment

The mortgage payment is due again, and you realize you’ve forgotten to make it; fortunately, it’s possible to create an online account with M&T to help you make your payments on time.

You can use your online account to pay your bills and manage your mortgages.

Here’s how to sign up for an online account so you can get it done with a few clicks.

• Go to the M&T mortgage payment page
• Select Enroll in Online Banking
• Enroll your M&T accounts by selecting your Accounts Type
• Enter the following information:

• Your Account Number
• Social Security Number
• Date of Birth

• Click Continue
• Follow through with the subsequent instructions to complete creating your online account.

Log into Your Account to Make M&T Mortgage Payment

M&T Bank customers can log in and make mortgage payments on the website. You can also make changes to your account information or pay bills online. You will need the following information:

• Your mortgage account number
• If you are using online banking for the first time, your Bank Routing Number.
• The account number for deducting your payments

Follow the steps below to log into your M&T online account to make your mortgage payments:

• Go to Log into M&T Online Banking
• Enter your User ID and Passcode
• Click the login button
• On the Account Summary Page, select your mortgage account
• Select Make a Payment and follow the steps

Automatic Payment Options

You can set up your account so the bank will deduct your payments monthly on a date that you specify as long as it is within your grace period. Kindly note that your amount will not reflect until the next business day if the date falls on a weekend.

• Log into your online account, select Accounts Summary Page
• Choose View My Mortgage Info
• On the right corner of the Payment Information box on your Dashboard, select Enroll in AutoPay.

Alternatively, you can enroll in a more flexible payment plan that allows you to make multiple payments within a month.

Semi-Monthly Mortgage Payments

• Divide your mortgage amount into two halves and select the deduction dates within the month.
• Once you pay up the total amount, it will reflect on your account.

Bi-Weekly Mortgage Payments

• Divide your payment into two halves, and the bank will deduct these payments every other week.
• Once your payment is complete, it will reflect on your account.
• The advantage is that you will get extra principal payments, saving you interest and reducing the duration for paying your loan.

Weekly Mortgage Payments

• Divide your payment into four such that the bank deducts a specific amount each week.
• Once the payment is complete, it will reflect in your account.
• Like the bi-weekly payment, this option will earn you extra principal, thus saving you from paying interest and reducing the time you will take to clear your M&T mortgage payment.

Other M&T Mortgage Payment Options

Apart from online banking, M&T offers more payment options through which it ensures that it meets all its clients’ needs.

Payment by Mail

Please send your payment to:

P.O. Box 62182 Baltimore,

MD 21264-2182

Kindly include the following:

• Coupon for mortgage payments
• A check made payable to M&T Bank and bearing your M&T mortgage account number.

Payment by Phone

To use the automated payment processing system, dial 1-866-241-6014.

You will require:

• Account number for your mortgage
• The routing number of your bank
• The bank account number from which you want the funds charged for submitting your M&T mortgage payment (M&T does not accept credit or debit cards)

Payment at an M&T Location.

To identify an M&T center near you, use their branch locator.

Please bring the following:

• Coupon for mortgage payments
• A check made payable to M&T Bank and bearing your M&T mortgage account number.

Download Mobile Banking to Make Your M&T Mortgage Payments

There’s another simple and useful way to pay your M&T mortgage bills – just download mobile app and feel free to manage your account with different options.

Download Apple

Cet Google Play App: M&T Mobile Banking

Download Apple App: M&T Mobile Banking

M&T Mortgage Payment Questions and Answers

Is it possible to cancel my automatic payments?

You can deactivate your automatic payments in various ways:

1. If you have automatic monthly payments set up, sign into M&T Online Banking to cancel via Internet or call 1-800-724-2224.
2. Call 1-800-724-2224 if you are a member of the Flexible Payment Program.

Please keep in mind that when you choose to call us to revoke this service, you must do so at least three business days before the scheduled deduction.

If the final day of my grace period is on a weekend or holiday, will I incur a late fee charge?

If M&T receives the payment the following business day after a weekend or holiday, you will not incur late fees.

Is it possible for me to start making additional payments toward my loan’s principal balance?

Yes! You can include an extra amount to be put directly to your principal when you submit your standard monthly mortgage payment. After the ongoing month’s entire amount has been displayed to your account, the additional principal charges can apply.

When you’re paying by check, please write the amount of the additional principal payment on your Mortgage Account Statement coupon and the memo line of the check.

You can choose to incorporate additional principal with your payment when you use M&T Online Banking to submit your payment.

M&T automatically deducts my payment from my checking/savings account every month. Should I change the amount debited from my account if my payment changes?

If you have automatic deductions set up (monthly or Flexible Payment Program), the bank will automatically deduct the new payment fee from your account.

If you have extra cash debited to decrease your principal, the amount deducted will still be the same as when you first set it up. If you need to adjust this amount, you can use M&T Online Banking or contact M&T.

What to Do if I Made a Late M&T Mortgage Payment

It’s a good idea to avoid a late M&T mortgage payment at all costs, but mistakes sometimes happen. While you don’t want to be too hard on yourself if this happens, you need to consider possible consequences. Case in point: you could see your credit score take a hit if you don’t make payments on schedule. Also keep in mind that late mortgage payments may remain on your credit report for as many as seven years, which would adversely impact your credit score. What follows is a look at 3 proven strategies you can use to have late mortgage payment information scrubbed from your credit report.

Option #1: Contact M&T Mortgage and Make Request

Reach out to M&T Mortgage by phone right away, and acknowledge that your payment was submitted past the deadline. It’s important to admit you were in error. Let them know when they can expect payment. They may be willing to delete your late payment data so that your creditworthiness doesn’t suffer.

Option #2: Write Them a Letter

The next option at your disposal is to write a letter, known as a goodwill letter, to M&T Mortgage. In the letter, you’ll want to specifically and respectfully request a removal. Do these 2 things in the letter:

1. Demonstrate that you accept that the situation was caused by you.
2. Guarantee that there will be no repeat of the delinquent behavior going forward.

What follows is a sample letter template you can use as inspiration:

[Your first and last name] [your address] [your account number]

[date]

To Whom It May Concern:

I appreciate your taking the time to read my letter. The reason for this correspondence is that I found on my latest credit report a late payment listed on [date] for my [name of account] account. I’m aware of the importance of making timely payments and meeting my financial commitments. But due to [situation that led to the missed payment], I unintentionally missed the payment due date. Although I missed the deadline, I have since then taken measures to ensure this does not happen again. Specifically, I’ve [explain what has changed that will prevent any additional late payments]. Since my missed payment, I have had a flawless record of making payments on time.

One reason I’m making this request is that my intention is to apply for a [loan, credit card, etc], and I’ve come to understand that the missed payment reflected on my credit report could jeopardize my objective. Given the fact that my single late payment does not adequately reflect my creditworthiness and intention to abide by my financial obligations, I would be grateful if you would make a goodwill adjustment. This would delete my late payment on [date] and enable me to obtain a [loan, credit card, etc.) and to secure a better rate.

I appreciate your considering this matter, and I hope you will grant my request.

Best regards,

[your name]

Option #3: Make Them an Offer

Another option is to contact M&T Mortgage and make them an offer they can’t refuse. Lenders prefer to have people opt for automatic payments – so that payments are made on time, all the time. If you’re willing to sign up, the lender might be persuaded to scrub the late payment from your credit report as a goodwill gesture. M&T Mortgage may, if you do not wish to sign on for automatic payments, recommend another way for you to potentially get your late payment erased from your credit report.

How to Avoid Late M&T Mortgage Payments

When you do get approved for an M&T Mortgage loan, you’ll want to avoid any late payments. Here are a few tips that will help you steer clear of making untimely payments.

Tip #1: Sign Up for Auto-Pay

Your first order of business is to set up an automatic payment option, and you can do this either through your bank or through your lender. You’ll want to go with the most ideal option for you.

Tip #2: Sign Up for Alerts and Reminders

Receiving a notification for an upcoming bill payment can make all the difference. You can get this by using an app, by getting your mortgage company to send an alert or reminder by email, or even by using Google calendar. You’ll be able to avoid late payments by doing so

Tip #3: Set Up a Bill Pay Day

Another option is to purposefully schedule a period of the month when you can commit to making bill payments. When you go this route and have a system in place, you will avoid late M&T mortgage payments.

Customer Service

Customer Support:

1-800-724-2224

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1-800-724-6070

Commercial Banking: Click the link

Online Banking Support:

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Credit Card Help with Applications:

1-800-724-3222

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1-888-253-0799

Personal Loans:

1-877-686-8424

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