Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-amortizes the loan. Since you are paying down your principal by a large amount, your monthly payment will be lowered, but your interest rate and loan terms will re...

Learn what recasting a mortgage means, how to do it, and what are the benefits and drawbacks. Recasting a mortgage lowers your monthly payment by paying down the principal, but does not c...

Recasting a mortgage happens when you put down a lump - sum payment toward the principal balance and the le... Learn six tips to pay off your mortgage faster, including recasting your loan. A recast is a lump sum payment that lowers your monthly payment and may help you pay off y...

While refinancing means replacing your existing loan with a new one, loan modification keeps your existing loan and changes its terms. If you qualify for a loan modification, some potential ways to reduce your monthly payment would be through lowering your interest rate or extending ...

Learn how to request a payoff quote for your mortgage through your online account or by other methods. Find out how to use the payoff calculator, view your amortization schedule, and pay off your loan early. Learn how to... https://www.mrcooper.com/help-center/search?q...

Refinancing doesn’t have to be difficult. Our experts make the process quick & easy. Our mortgage experts break down important tips & topics. When can I remove PMI from my loan? Why did my payment change? Where can I find my monthly statement? How do I setup paperless statements? H...

Mortgage assistance is a general term that covers a variety of programs and solutions intended to help homeowners who are experiencing financial difficulty and having trouble making their mortgage payment. What kind of assistance options are available if I cannot pay my mortgage?

Find out how to use the payoff calculator, view your amortization schedule, and pay off your loan early.Learn how to request a payoff quote for your mortgage through your online account or by other methods.

A repayment plan is an agreement that spreads the past due amount over a specific period, typically 3–6 months, during which time you make a full payment, plus a partial payment, until the account is brought current. Repayment plans can be an ideal option for homeowners who f...

If it’s getting harder to make your payments but you haven’t fallen behind yet, you may have a simple, effective option: Refinancing your mortgage to one with a lower monthly payment. To refinance as part of a mortgage assistance plan, your account needs to be current for the...