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.

Understanding Closing Costs. Here are some of the most common closing costs: Escrow Deposit. The money you put in an escrow account each month is used to pay property taxes and insurance related to your property. Some lenders may require you to escrow depending on the circumstances o...

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.

If you had any expenses that we were required to pay on your behalf, like legal fees, repair costs, or property inspections, then you’ll see these on the second page of your statement.

How to make Payments, Request a Payoff, Setup Automatic Payments, Payment Methods, Payoff Quote.

Calculate Your Budget. Remember that you’ll need cash for upfront costs. How much cash you’ll need to buy a house will depend on factors such as the price of your home, your financing options, or even what negotiations you make with the seller.

An escrow—or impound—account is where funds are held to pay property tax and insurance bills on your behalf. If your loan is escrowed, a part of your mortgage payment goes into your escrow account every month. Then we use the money to make your property tax and insurance payments...

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 r...

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. Requirements and Details of a Recast.

Fees. A preparation fee of up to $25 may apply to each payoff quote statement we generate. Additional expedited delivery fees of up to $25 may apply to each payoff quote sent via web. Feel free to contact us for clarification of applicable fees before requesting your quote.