Grace Period. Your grace period is a set number of days after your contractual due date when we’ll still accept your payment without charging a late fee. The number of days is outlined in your Note. Check your statement for the exact date when penalties and interest are added.

Here are some of the most important things to keep in mind about your transfer: There are no late fees or negative reporting to the credit bureaus during the first 60 days after your transfer. This transfer has no impact on your credit rating.

Payments are considered late, and late fees are assessed, at midnight when your grace period ends and are calculated as outlined in your Note. If you think you may not be able to make your payment on time, please contact us and let us know. Tip: Being set up on AutoPay helps preven...

Why did my monthly payment change? An escrow analysis can raise or lower your monthly escrow payment for the upcoming year due to changes in your tax and insurance amounts. Read more. How to make Payments, Request a Payoff, Setup Automatic Payments, Payment Methods, Payoff Quote.

Requirements and Details of a Recast. If you are eligible, here are some details to keep in mind: Minimum Amount – Mr. Cooper requires a minimum principal payment of $10,000. Recasting Fees – There is usually a non-refundable fee of up to $250 to recast your mortgage.

We’ll send out your monthly statement no later than 2 weeks before the next due date. Whenever needed, you can also view your statement online to find out what you owe and when it’s due. Note: Our secure, automated phone system can also send you a one-time link to view your statement...

The minimum required balance is the lowest positive balance allowed in your escrow account at any given time —this positive balance is also known as a cushion requirement. This helps us minimize the impact to your monthly mortgage payment when property tax and insurance rates increas...

Paying Off Your Mortgage with Mr. Cooper. Payoffs must be made via certified funds—wire transfer, money order, or cashier’s check. Please do not send personal checks, certified personal checks, or cash.

How an Account Transfer Impacts You. Here are some of the most important things to keep in mind about your transfer: Credit. There are no late fees or negative reporting to the credit bureaus during the first 60 days after your transfer. This transfer has no impact on your credit...

Note: There are no fees for using Biweekly AutoPay. Eligibility: Account must not be enrolled in monthly AutoPay. (You can manage your AutoPay settings here.) Account must be paid 1 month in advance. (The 2 withdrawals made each month will be applied as your next month’s paymen...