If you’re facing a long-term hardship, we can review you for a loan modification to determine if more manageable terms are available. While refinancing means replacing your existing loan with a new one, loan modification keeps your existing loan and changes its terms.

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 rema...

If it’s getting harder to make your payments but you haven’t fallen behind yet, you may have a simple, effective option: Refinancing your mortgage to one with a lower monthly payment. To refinance as part of a mortgage assistance plan, your account needs to be current for the p...

What kind of assistance options are available if I cannot pay my mortgage? Your options may include refinancing, repayment plans, and loan modification.

While refinancing means replacing your existing loan with a new one, loan modification keeps your existing loan and chang... A recast is a lumpsumpayment that lowers your monthly payment and may help you pay off your mortgage early. Learn six tips to pay off your mortgage faster,...

Earn thousands in cash when you buy, sell, or both with Mr. Cooper. A cash-out refinance give you options. Consolidate high-interest debt, upgrade your living space, and more.* We'll help you explore interest rates and terms with the goal of reducing your monthly payments.

While refinancing means replacing your existing loan with a new one, loan modification keeps your existing loan and changes its terms. If you’re facing a long-term hardship, we can review you for a loan modification to determine if more manageable terms ...

You may be able to receive cash by leveraging home equity through a refinance. Do you need cash for home improvements, a college education, or to consolidate non-mortgage debt? Do you have substantial equity in your home? Consider refinancing it and getting cash back.

Each loan option is made up of 3 elements: 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 on your loan type and other factors.

Refinancing your home can offer several benefits, including lower interest rates, different loan terms, and cash in exchange for home equity. But refinancing your home can also be a complex process, and you should carefully consider, research, and plan it.