Servicing

Two women shaking hands, indicating a successful agreement or partnership in real estate.

4-minute read

What Is A Mortgage Reinstatement?

Mortgage reinstatement can be a vital lifeline for borrowers who have missed payments and want to avoid foreclosure. Learn more about how it works here.

Street view of a development, showing urban or suburban development projects.

5-minute read

What In The World Is An Escrow Shortage?

Understanding escrow shortages and what causes a negative escrow balance is important for homeowners to know. Read on to learn how to navigate these situations.

A man and a women looking at the laptop and smiling.

7-minute read

Pay Off Mortgage Or Invest: How To Make The Right Choice

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

A couple looking at a computer in a kitchen setting.

7-minute read

What Is An Escrow Waiver? Requirements, Fees, Pros And Cons

When you make your mortgage payment, you may be paying extra into escrow for your insurance and taxes. Find out if an escrow waiver is right for you.

Tan house with a double-layered front lawn, brick steps, and a wrap-around porch.

3-minute read

Escrow Fees: What They Cost And Who Pays Them

Escrow fees ensure a secure exchange of funds between buyer, seller, lender and other parties. Read on to learn what they cost and who pays for them.

An escrow agent, potentially illustrating a professional involved in real estate transactions or property transfers.

4-minute read

Escrow Agent In Real Estate: What To Know

An escrow agent upholds the escrow agreement in a real estate transaction. Read on to learn how this entity protects the property and assets in escrow.

A house owner having a conversation with his real estate agent, possibly in a familial or business context.

4-minute read

Escrow Refund: What Is It and When Does It Occur?

Not sure what an escrow refund is or even when they occur? Read our article on all things escrow refund related and what to expect when dealing with one.

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5-minute read

Guide To Form 1098 Mortgage Interest Statement

Did you know your mortgage interest and insurance payments may be tax deductible? Read on to better understand what’s in your 1098 mortgage interest statement.

A couple paying their mortgage online using a laptop.

5-minute read

When Is Your First Mortgage Payment Due?

Your first mortgage payment is always due to your lender within 60 days of your closing date. Get more details about your first mortgage payment after closing.

Businesswoman at a cafe making a phone call, potentially discussing business or financial matters.

4-minute read

Close Of Escrow: What You Need To Know

Close of escrow is the point in the real estate transaction when all parties have fulfilled their responsibilities. Read on to learn how close of escrow works.

Row of upscale condos, showcasing modern residential buildings or properties.

6-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.

A man talking on the phone in a living room setting.

5-minute read

What Are Mortgage Servicing Fees And How Can You Avoid Them?

Borrowers can face mortgage servicing fees in certain situations. Discover what mortgage fees to avoid as a homeowner, including late payment and recast fees.

The entrance to a brown ranch-style home, depicting a property's entrance or exterior.

5-minute read

Pros And Cons Of Mortgage Forbearance

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

A woman filing papers, potentially related to mortgage or financial documentation.

5-minute read

What Are Mortgage Servicing Companies?

Mortgage servicing companies handle daily administrative tasks related to your loan. Learn all about what they do and how they differ from your lender.

A front door with a large wooden door and potted plants, creating a warm and inviting entrance.

4-minute read

Selling Mortgages: How It Affects You And What To Do Next

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

Smiling young couple using silver laptop while green houseplants sit on the wooden table behind them.

6-minute read

How To Pay Your Mortgage Easily

Making a mortgage payment on time is easier than ever. Read on to see which option fits your needs, from automated monthly payments to paying over the phone.

Two people discussing finances or some sort of payments.

5-minute read

Biweekly Mortgage Payments: Are They A Good Choice For You?

Biweekly mortgage payments help pay off your loan faster by applying an extra payment to the principal yearly. Find out if biweekly payments are right for you.

A charming house with a balcony and a tree in front, creating a serene and inviting atmosphere.

4-minute read

What Are Mortgage Servicing Rights?

Mortgage servicing rights (MSR) are often transferred to a third-party that takes over the administrative tasks of servicing a mortgage in exchange for a fee.