Having an escrow account is all about convenience. It means that you never have to worry about when property tax and insurance bills are due because we make the payments for you. On the flip side, removing your escrow account means that we will no longer make payments for your proper...

Mortgage insurance protects the investor or noteholder if the borrower defaults on the loan. It lowers the investor’s risk when funding a home loan. In most cases, if you pay at least 20% down on your home, you’re not required to carry mortgage insurance.

When your taxes and/or insurance increase from the amounts paid last year, the escrow portion of your monthly payment will also increase to cover the higher disbursements.

What is mortgage insurance? Removing PMI If you’re required to carry PMI, we’ll cancel it automatically on the date your loan-to-value (LTV) ratio is scheduled to reach 78%.

Learn how to resolve common problems with your year-end tax statements, such as incorrect interest, missing name, or form 1099-INT. Once we receive your payment, it may take a few days to refle... We found more than 100 results for your search. Learn ho...

What is mortgage insurance ( PMI / MIP) and how to request removal. If you put down less than 20% on a conventional loan, you may need to carry private mortgage insurance, also known as ... How do I get rid of PMI?

How do I get rid of PMI? The requirements to remove MIP are complex and depend upon multiple factors and scenarios which are too numerous to list here, but please contact us to review your options for cancelling MIP.

We found more than 100 results for your search. In most cases, if you pay at least 20% down on your home, you’re not required to carry mortgage insurance. If you are required to carry mortgage insurance, removal of the insurance may occur when the equity in your home reaches a certai...

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 remain the...

We found more than 100 results for your search. To discuss your specific requirements for requesting PMI cancellation, please contact us. Important: Cancellation requests by mail must include an explicit request to cancel PMI, your loan number, the date, and the signatures of all bor...