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 the...

Payoffs must be made via certified funds—wire transfer, money order, or cashier’s check. Please do not send personal checks, certified personal checks, or cash. Your payoff quote statement will include all of the information you need about our receiving bank for wires. Note: We sugge...

Payments are considered late, and late fees are assessed, at midnight when your grace period ends and are calculated as outlined in your Note. If you think you may not be able to make your payment on time, please contact us and let us know. Tip: Being set up on AutoPay helps preven...

Payments are considered late, and late fees are assessed, at midnight when your grace period ends and are calculated as outlined in your Note. If you may not be able to make your payment on time, please contact us and let us know.

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.

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.)

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.

Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper.

When We’ll Pay Your Property Taxes Advises when property taxes are paid from your escrow account Sending Property Tax Bills When property tax bills need to be sent to Mr. Cooper Issues with Your Property Taxes How to notify Mr. Cooper of property tax issues Real Estate Tax Exemption ...

Payments are considered late, and late fees are assessed, at midnight when your grace period ends and are calculated as outlined in your Note. If you think you may not be able to make your payment on time, please contact us and let us know.