-
Last Updated: 08/28/2023
in Homeowners FAQs
-
My mortgage is transferring to you. What does this mean? If you’ve received a notice that the servicing of your mortgage loan will transfer to us, rest assured, the terms of your mortgage will not change due to the transfer. On your transfer dat...
-
Last Updated: 08/23/2023
in Homeowners Financial Hardship Need M ortgage A ssistance ? Whether you ’re experiencing hardship due to loss of employment, income reduction, illness or other related impacts , here are your options that may be available to you based on investor guidelin...
-
Last Updated: 08/17/2023
in Homeowners Financial Hardship If you foresee there isn’t a financially feasible way to keep your home, here are more options for you to avoid the foreclosure process. Traditional Sale: Work with a real estate agent to s ell your home ...
-
Last Updated: 08/17/2023
in Homeowners Financial Hardship COVID-19 Resources If you have a hardship related to COVID-19 , visit the CFPB’s mortgage and housing assistance portal . Homeowner Assistance Fund (HAF) in the U.S Department of the Treasury and Nati...
-
What is an escrow surplus? 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 mor...
-
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...
-
Last Updated: 08/08/2023
in Homeowners Get a New Loan What is a mortgage assumption? To keep it simple, this means an existing property title or ownership and mortgage obligation is transferred from one borrower to another as part of a property sale. When a mortgage is assumed, its remaining balance, ...
-
Last Updated: 08/08/2023
in Homeowners Get a New Loan What are the reasons to refinance? The most common reason is to get a lower interest rate, resulting in lower monthly payments and possibly a shorter loan term. Other reasons to refinance include switching loan types, eliminating private mortgage...
-
Last Updated: 08/07/2023
in In-Depth FAQs