Escrow can seem like one of the more confusing parts of your home loan, but it generally boils down to a few key parts. One of these is your escrow account’s minimum required balance….
Author: Melissa Syphrett
Financial difficulties can happen to anyone. If you’re struggling to make your monthly mortgage payment, the first step toward finding a solution is to reach out to your mortgage…
Estimated reading time: 6 minutes Q: What is a Disaster Forbearance Plan? A: For eligible customers, a Disaster Forbearance Plan temporarily pauses mortgage…
Estimated reading time: 6 minutes After a natural disaster, such as a winter storm, hurricane, tornado, or wildfire, we understand that your first priority is the safety and…
Estimated reading time: 0 minutes If your mortgage requires one, you’re probably familiar with what an escrow account is. These are accounts that mortgage servicers (the…
Estimated reading time: 3 minutes Mortgage payments are an influential factor when it comes to family budgeting and spending, and it’s not unusual for them to change over time. If…
Estimated reading time: 1 minute A payment deferral allows a lender or servicer to push a set number of missed monthly mortgage payments to the end of the loan. The deferred payments…
Estimated reading time: 1 minute A loan modification changes the terms of your loan. This might be necessary if your circumstances change and you are unable to keep up with the…