Managing Automatic Payments (AutoPay) Includes setup, making changes, and automatic payment amount changes

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.

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...

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.

How can extra payments change my amortization schedule? 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. Should I pay extra toward...

All you need to do is choose a payment frequency—Monthly or Biweekly—and complete the online form; we’ll automatically deduct the payments going forward.

The most common reason is due to an increase in property taxes or insurance premiums. Learn about how your escrow analysis can change your payment. It could be due to a modification, balloon payment due soon, or a scheduled adjustment to the interest rate. You can view payment ...

There will be no late payment fees for 60 days from your transfer date. The next payment will be due to Mr. Cooper at the address provided in your Welcome Packet. (If you already paid Flagstar, don’t worry, it will automatically transfer to us.)

The trick is to apply the entire amount to your mortgage’s principal balance, which is what you owe before interest, taxes, and insurance are added in. Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinan...

How can I get assistance if I cannot pay my mortgage? You can complete a mortgage assistance application online and let us know what’s going on. We’ll help you determine a plan of action and next steps based on your circumstances.