A seasoned agent can help you avoid overpaying and spot common problems with a house. But equally important is understanding how much time and effort an agent typically puts toward clients. It can also reveal if an agent will be available for last-minute showings, negotiations, a...

Your account was transferred because your previous servicer sold your loan to us, your new servicer. It is very common for mortgage loans to be sold between servicers. Hundreds of thousands of loans change hands in this way every year.

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 circumstanc...

Homebuying Guide. Step 1: Get Prepared. Review Your Financial Health Credit history, total debt, savings, income, and many other factors help determine how much home you can buy Calculate Your Budget As you start your homebuying journey, dream big—but don’t forget to think about your...

If there isn’t a financially feasible way for you to keep your home, a short sale is an option that can give you a fresh start and avoid the foreclosure process. A short sale can allow you to sell your home for less than you owe on the mortgage, pending investor approval.

Offer Contingencies. Contingencies can sweeten the deal for a seller or buyer. Consult with your real estate agent to learn what could help your offer stand out. BE PREPARED FOR THE SELLER TO RESPOND IN 1 OF 3 WAYS AFTER YOU MAKE YOUR OFFER: 1. Accept the Offer. If they accept your...

What is an escrow account? An escrow 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. When will you analyze my escrow account?

What To Expect at Closing. Here’s what you can expect during the closing process: Before Closing Day. In the days leading up to closing day, your lender will send you a Closing Disclosure, which outlines what you need to pay at closing and summarizes your loan details. You’ll also ne...

Step 1: Get Prepared. Review Your Financial Health Credit history, total debt, savings, income, and man... page. Help Center - Mr. Cooper. https://www.mrcooper.com/help-center/search?q=selling&source=support. Earnest money deposits typically range from 1%–3% of ...

Know Your Mortgage Loan Options. Each loan option is made up of 3 elements: Loan Term. Interest Rate Type. Loan Type. 1. Loan Term. This represents how long you have to repay your loan. The most common loan terms are 30 years and 15 years, but there may be other durations depending o...