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Last Updated: 08/02/2023
in Homebuyers How does buying a home compare to renting? Purchasing a home enables you to receive tax benefits while building equity that you can cash out in the future. Owning a home also gives you the opportunity to truly personalize your space. Should I p...
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Not all loan types are eligible. Under the current government rules, recast is not an option for USDA (RHS), VA and FHA loans. To qualify for a recast, the following must apply: Conventional loan (other types including USDA (RHS), VA, and F...
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Last Updated: 05/04/2023
in Homebuyers Insurance What is homeowners insurance? Homeowners insurance, also known as hazard insurance, is a policy that covers damages to your home, your belongings and accidents as outlined in your policy. Is homeowners insurance required at closing? Yes, proo...
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I am having trouble making mortgage payments due to a disaster. What can I do? If a recent disaster has affected your ability to conduct normal financial business, we understand this may result in late or missed mortgage payments. We are here...
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Last Updated: 09/08/2026
in Homeowners Online Access
How can I access my mortgage online? Registering online is quick and easy. Here's how: Click LOGIN above or in the sidebar. Click Register Your Account . Enter your last name, SSN or EIN/TIN, date of birth, and email address (all fields a...
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Last Updated: 08/07/2023
in In-Depth FAQs
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What is an escrow shortage? All escrow accounts have a minimum required balance , which equals your expected tax and insurance expenses plus some extra money in case your bills go up – this is called a cushion. If your escrow account balance is e...
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Last Updated: 06/24/2024
in Home Equity Loan
What is a Home Equity Loan? In short, it’s a type of loan secured by the equity in your existing, mortgaged property. You receive one lump sum of money at closing and repay it over a fixed period, with a fixed rate, on a fixed monthly payment. ...
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What is an escrow account? Think of it like a savings account dedicated to the tax and/or insurance expenses required for your property—and as your loan servicer, we help you manage it. Depending on the terms of your mortgage, your escrow account m...
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Last Updated: 08/03/2023
in Homeowners Newly Closed Loans Your browser does not support HTML5 video. ...