Featured resources

10-minute read

What is loss mitigation?

Loss mitigation helps homeowners facing hardship avoid foreclosure. Learn common assistance options, how the process works, and when to contact your servicer...

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11-minute read

Escrow holdback: Repair rules, costs, and closing steps

Learn how an escrow holdback works, which home repairs qualify, who funds the account, and what happens after closing. Keep your home closing right on track.

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7-minute read

Mortgage reinstatement: What it is and how it works

Have you missed mortgage payments? Learn how mortgage reinstatement can bring your loan current, what you need to pay for, and when deadlines may apply.

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8-minute read

Is mortgage forbearance a good idea?

Mortgage forbearance can be a lifeline for many homeowners struggling to make their mortgage payments. Find out whether mortgage forbearance is a good idea.

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5-minute read

Loan modification: Defined and explained

A loan modification changes the terms of your existing loan to bring you current by adding past-due payments back to the balance. Understand how it works.

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5-minute read

What is mortgage servicing and why does it matter?

Mortgage servicing is the management of a mortgage, like taking payments and creating statements. Borrowers should know how it works and why it matters.

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6-minute read

Why do lenders sell mortgages and how does it affect you?

How does selling mortgages work? Find out why lenders sell mortgages to investors, how the process works, and how it affects you.

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8-minute read

The hidden costs of late mortgage payments

Are you worried about the effects of making a late mortgage payment? Learn more about missing a mortgage payment, including how it affects your credit and more.

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7-minute read

Escrow fees: What they are, who pays, and what they cost

Learn how escrow fees work, what they may include, who pays them, and how to review your Loan Estimate before closing. Start your mortgage journey.

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5-minute read

Mortgage servicing transfer: What you should know

Have you received word that your mortgage servicing has been transferred? Learn about what this means, why it happens, and what changes you can expect.

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7-minute read

What is an escrow shortage?

Learn what an escrow shortage is, why it happens, and how paying it can affect your mortgage payment. Review your repayment options and next steps today.

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7-minute read

What is an escrow agent? Role, duties, and examples

What is an escrow agent? Learn more about what escrow agents do in a real estate transaction, who can be an escrow agent, and how the escrow process works.

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10-minute read

What is an escrow waiver? Requirements, fees, pros, and cons

Considering an escrow waiver? Learn what it is, how it works, eligibility criteria, potential fees, and the pros and cons to decide if it’s right for you.

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5-minute read

Impound accounts explained: Why your servicer holds funds

Some mortgage servicers arrange impound accounts to collect fees from home buyers. But how do they work, and do they benefit you? Keep reading to find out.

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7-minute read

Should I pay off my mortgage or invest?

Deciding whether to pay off a mortgage or invest can be tricky. Get familiar with all of the potential financial risks and rewards before making this decisio...

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10-minute read

What is escrow and how does it work?

What is escrow? Learn how escrow accounts work when buying a home, paying taxes and insurance, and managing your mortgage. Read more today.

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5-minute read

How to avoid three common mortgage servicing fees

Mortgage servicing fees typically fall to your lender, but some may be your responsibility. Fortunately, you can avoid these three servicing costs.

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4-minute read

What are mortgage servicing rights?

Mortgage servicing rights relate to who collects your mortgage payment, not who owns your mortgage. Many lenders outsource these tasks to save time.

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