833-830-0742. Need Cash? We Can Help. With Mr. Cooper's Home Equity Loan *, get cash from your home’s equity without losing your first mortgage’s low rate.

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, ...

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, ...

What is mortgage assistance? 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 i...

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, ...

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.

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.

For conventional loans, unless you have 20% equity in your home, a small portion of your monthly payment goes toward paying for PMI, which protects your lender in case a borrower defaults. Once you’ve reached 20% equity in your home, PMI may be eliminated from your mortgage payme...

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.

Rather than providing loans, it backs or guarantees them in the secondary mortgage market. In what is called “securitization,” Fannie Mae, as well as Freddie Mac, bundles the mortgages it owns and sells them to investors.