Does paying off your mortgage early sound too good to be true? Well, becoming mortgage-free may be easier than you think. There are a few paths many homeowners take—from paying down…
Category: Planning
After a forbearance, homeowners will need to repay the payments they missed. Depending on a homeowner’s situation and the guidelines defined by the owner of their loan, they may have…
Credit repair scams are some of the most popular in the country. To that end, the Federal Trade Commission (FTC) “has brought scores of law enforcement” actions against bad actors….
Estimated reading time: 3 minutes What is escrow? In the simplest of terms, escrow is money that your mortgage servicer (the company you send your mortgage payment to) sets aside to…
Estimated reading time: 6 minutes Can escrow be removed from a mortgage? For many homeowners, the answer is “yes,” depending on their eligibility and their loan’s requirements….
Estimated reading time: 0 minutes Does Mr. Cooper own my mortgage? Short answer: No. Mr. Cooper is your mortgage servicer. That means we take care of the day-to-day stuff — things…
If you’re coming off a pandemic forbearance plan and are still financially struggling, you may be worried about potential foreclosure. Rest assured that mortgage companies prefer to…
Estimated reading time: 2 minutes Sometimes homeowners want to talk to someone besides their mortgage company. That’s where HUD-approved housing counselors come in. If you have…