A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash.

With Mr. Cooper's Home Equity Loan *, get cash from your home’s equity without losing your mortgage’s low rate. 4.91 Rating on Zillow. 4.6 million Customers. 833-685-0597. Call now to speak to our home equity professionals or complete the form and we’ll contact you.

A home equity loan ( HEL) is a way to borrow money using the equity in your home as the collateral. It creates a second mortgage against your home for the amount of equity you want to turn into cash. That means they leave your current mortgage in place, ...

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.

Learn how to recast your mortgage and lower your monthly payment by making a lump-sum payment toward the principal balance. Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper.

Know Your Mortgage Loan Options. Each loan option is made up of 3 elements: Loan Term. Interest Rate Type. Loan Type. 1. Loan Term. This represents how long you have to repay your loan. The most common loan terms are 30 years and 15 years, but there may be other durations dep...

You can quickly apply for mortgage assistance online. If you’d prefer to mail or fax your application—or if you don’t have an online account—you can download it here.

Learn about HAF, a government-sponsored initiative to offer assistance for homeowners impacted by COVID-19. Find out how to apply for mortgage payment assistance, reinstatement, principal reduction, or second lien elimination through your state.

Loan Modification Details. If you’re facing a long-term hardship, we can review you for a loan modification to determine if more manageable terms are available. While refinancing means replacing your existing loan with a new one, loan modification keeps your existing loan a...

Using our mortgage payoff calculator, you can see how any amount of extra principal can change not only how quickly you pay off the mortgage, but also how much total interest you’ll end up paying. Describes amortization schedule, where to view yours, and how to calculate changes.