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Estimated reading time: 4 minutes At Mr. Cooper, we’re dedicated to giving you an upgraded mortgage experience in every way. To help you get the most out of your home loan,…
Tag: Mortgage Basics
Estimated reading time: 3 minutes After watching mortgage rates hit record lows during the pandemic and then tick up, you may be wondering, “Why do mortgage rates change?” In…
Estimated reading time: 6 minutes Q: What is a Disaster Forbearance Plan? A: For eligible customers, a Disaster Forbearance Plan temporarily pauses mortgage…
Estimated reading time: 5 minutes If your mortgage requires one, you’re probably familiar with what an escrow account is. These are accounts that mortgage servicers (the…
Estimated reading time: 4 minutes Quick answer: Yes, you can through a cash-out refinance and it’s a great option for some people. Here’s what it boils down to: home loans…
Estimated reading time: 2 minutes A comparative market analysis (CMA) is an estimation of a home’s value that is usually conducted by a real estate agent before listing a home. The…
Estimated reading time: 3 minutes Mortgage payments are an influential factor when it comes to family budgeting and spending, and it’s not unusual for them to change over time. If…
Estimated reading time: 1 minute The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, was chartered by Congress in 1970 to expand the secondary market for…