Fees. There could be some changes in your fees. For more details, review our complete list of fees. Loan Terms. The terms of the loan remain exactly the same. This means your interest rate, monthly principal and interest payment, and repayment timeframe are all identical to w...

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.)

Find out the eligibility requirements, fees, and process for recasting your loan with Mr. Cooper. Learn how to recast your mortgage and lower your monthly payment ... Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender r...

Your grace period is a set number of days after your contractual due date when we’ll still accept your payment without charging a late fee. The number of days is outlined in your Note. Check your statement for the exact date when penalties and interest are added.

No transaction fees: We don’t charge fees for making a payment. (Note: Services such as Western Union ® Quick Collect ® and MoneyGram ® ExpressPayment ® will charge a separate fee if you pay through them.)

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.

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...

Mortgage points, or discount points, are an extra fee that you can pay in exchange for a lower interest rate. Homeowners who plan on keeping a house for a longer period might choose to buy points because the lower rate will save money in the long term.

Here are the key elements included in your monthly statement, along with a visual guide to help you locate them: 1. Statement Information. This is your basic information, like the date your statement was generated, loan number, amount due, and payment due date. 2. Explanation of Amou...

Drawbacks of Removing Escrow: It may be a hassle to budget for large, lump-sum property tax and insurance bills. If payments are late or missed, you will be responsible for any penalties or fees. Note: This is not related to mortgage insurance (PMI/MIP).