There are no late fees or negative reporting to the credit bureaus during the first 60 days after your transfer. (Your prior servicer is required to forward us any payments you make to them for 60 days after your transfer date.)

Recasting Fees – There is usually a non-refundable fee of up to $250 to recast your mortgage. Mortgage Term – The term (length) of your mortgage remains the same. Example If you recast 10 years into a 30-year mortgage, you will still have 20 years left on your term.

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...

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.)

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.

Note:: There are no fees for using AutoPay. Change the payment amount, bank account, or payment date in your AutoPay settings online at any time. New settings will take effect immediately, unless there’s already a draft scheduled within the next 24 hours.

There are no late fees or negative reporting to the credit bureaus during the first 60 days after your transfer. (Your prior servicer is required to forward us any payments you make to them for 60 days after your transfer date.)

There could be some changes in your fees. For more details, review our complete list of fees. Loan Terms. The ter... You can also make a one-time payment through your online account. Check out our Smart Calendar for important information about your due date, grace period, and more.

The minimum required balance is the lowest positive balance allowed in your escrow account at any given time —this positive balance is also known as a cushion requirement. This helps us minimize the impact to your monthly mortgage payment when property tax and insurance rates increas...

Here are some of the most common closing costs: The money you put in an escrow account each month is used to pay property taxes and insurance related to your property. Some lenders may require you to escrow depending on the circumstances of your mortgage. If you have an escrow accoun...