Lists all accepted payment methods and all available payment types

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 re...

Learn how to recast your mortgage and lower your monthly payment by making a lump - sumpayment toward the principal balance. Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper.

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.

Using our mortgage payoff calculator, you can see how any amount of extra principal can change not only how quickly you pay off the mortgage, but also how much total interest you’ll end up paying.

This means your interest rate, monthly principal and interest payment, and repayment timeframe are all identical to what they were with your previous servicer. Read more

Learn how to recast your mortgage and lower your monthly payment by making a lump-sum payment toward the principal balance. Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper.

When sending additional funds that require special posting instructions, such as additional principal or fees, please indicate that on your payment coupon. If you don’t have a payment coupon, please include the posting instructions on a separate note included with your payment...

Learn how to recast your mortgage and lower your monthly payment by making a lump - sumpayment toward the principal balance. Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper.

The most common reason is due to an increase in property taxes or insurance premiums. Learn about how your escrow analysis can change your payment. It could be due to a modification, balloon payment due soon, or a scheduled adjustment to the interest rate. You can view payment ...