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Additional Mortgage Help Resources
List of Homeowner Assistance Fund Programs by State Alabama Agency: Alabama Housing Finance AuthorityAlabama Program Website Alaska Agency: Alaska Housing Finance CorporationAlaska Program Website ...
How to avoid late payments and late fees
Sometimes life throws you a financial curveball, and suddenly it looks like your mortgage payment might be late. A common myth says that “one late payment won’t hurt your credit score.” But the truth ...
Use autodraft payments to save money and time.
Almost everyone makes a late payment from time to time. So it’s no big deal, right? In fact, a late payment can be a bigger deal than you might think. A recent survey found that almost 4 out of 10 A...
Unless you have a mortgage loan, “escrow” is a word you may not be familiar with. But in the mortgage world, you hear a lot about it. Thankfully, escrow is not hard to explain—or understand. So let’s ...
Understanding your mortgage payment
For most people, buying a home is the biggest and most complicated financial transaction of their lives. Mortgage payments can also be big and complex, with multiple parts that can change over time. Y...
“Delinquent” is a Latin word that dates back 2,000 years—and it basically means “falling short”. Your mortgage loan is considered delinquent when you fall short of making your payment by its due date....
What are nonsufficient funds (NSF) fees and how can I avoid them?
When you make your mortgage payment, we’re counting on you to have enough money in your bank account to cover the payment. But if your account doesn’t have enough money, your bank will reject your pay...
Making your final loan payment: the five-step process
Step 1: Request a payoff quote Your principal balance (as listed on your mortgage statement) is not the total amount you’ll need to come up with to pay off your mortgage. That’s because you also owe i...
Damaged property? Learn about the insurance loss claim process.
When should I file a homeowner’s insurance claim? First and foremost, make sure the damage you plan to report is covered by your insurance policy. Homeowner’s insurance generally covers theft and dama...
3 simple ways to pay off your mortgage faster
If you’ve decided that paying off your mortgage early is the right financial move, it’s time to figure out how you want to pay it off. Here are three options: 1. Pay more than the minimum payment eac...