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 rema...

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.

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.

This section recaps your last payment and the payments you’ve made to date this year. It shows how much went to principal, interest, escrow, optional insurance, and any miscellaneous fees.

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 six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinancing to a shorter term. Find out how to apply your principal payments and save money on interest.

This section recaps your last payment and the payments you’ve made to date this year. It shows how much went to principal, interest, escrow, optional insurance, and any miscellaneous fees.

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. Describes amortization schedule, where to view yours, and how to calculate changes.