Managing Automatic Payments (AutoPay) Includes setup, making changes, and automatic payment amount changes

If the surplus is less than $50 and your account is current, we’ll spread the surplus over the next 12 months to reduce the monthly payment. If the account is delinquent, the surplus will remain in the escrow account for future disbursements.

Some borrowers take advantage of this option to lower their monthly payments or keep extra money on hand but it comes with pros and cons. If you’re a Mr. Cooper customer, here are a few things to consider and information on how to remove an escrow account from a mortgage.

How can I get assistance if I cannot pay my mortgage? You can complete a mortgage assistance application online and let us know what’s going on. We’ll help you determine a plan of action and next steps based on your circumstances.

With an escrow account, you have peace of mind knowing that these important payments will be paid by your servicer, when the bill comes due. As an added safeguard, escrow accounts have minimum required balances to help ensure they build enough funds throughout the year.

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...

Mortgage assistance is a general term that covers a variety of programs and solutions intended to help homeowners who are experiencing financial difficulty and having trouble making their mortgage payment. What kind of assistance options are available if I cannot pay my mortgage?

A payment deferral allows a lender or servicer to push a set number of missed monthly mortgage payments to the end of the loan. The deferred payments can typically be paid back by making one lump sum payment when the loan matures or is otherwise paid off.

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.

Making your payment over the phone has never been faster or more secure! Our advanced automated phone system can understand short questions and phrases. Once your identity has been verified, you can say something like “ make a payment ” to get started. Just call 833-685-2565 to u...