Getting pre-approved shows sellers that you are a serious buyer and that you have the financial means to purchase their home. It also gives you an idea of how much you can afford to spend, which can help you narrow down your search and avoid overpaying for a home.According to a recent study by the National Association of Realtors, 92% of home buyers who were pre-approved for a loan made an offer on a home within 30 days, compared to only 67% of those who were not pre-approved. Additionally,...
READ MOREAre you looking to buy your next home or refinance your current mortgage, but feeling overwhelmed by the multitude of mortgage loan options out there? Don't worry, we've got you covered. Let's break down the most common types of mortgage loans, from conventional to VA and FHA, and weigh the pros and cons of each to help you make an informed decision.Comparing Loan Types by Investor1. Conventional LoansPros:- Flexible terms and down payment options- No upfront mortgage insurance...
READ MORERefinancing can be a significant financial decision, offering the opportunity to potentially save money, reduce payments, or even tap into home equity. However, before diving into the process, it’s crucial to understand various factors involved so you can make informed choices, determine which home solution best meets your needs, and maximize the potential benefits of refinancing your mortgage. Let’s explore ten key things you need to know.Your Financial Goals Should Be Clear To...
READ MOREFor customers receiving mailed statements, your year-end tax information will be included with your January billing statement and postmarked no later than January 31 (or the next business day). You should receive it within 7-10 days after mailing. If you are enrolled in paperless, your year-end tax documents will be available in the Document Center on or before January 31. You'll receive an email notification once they're ready to view or download. For more detailed...
READ MOREScammers are sneaky - but you're smarter. This quick guide will help you stay ahead of fraud and know what to do if something doesn't feel right. We've got your back.
READ MOREAn escrow account is money we set aside to pay expenses related to your mortgage, like property taxes and homeowner's insurance. We break these expenses into monthly installments and add them to your mortgage payment. When your property tax and insurance bills are due, we pay them on your behalf from your escrow account. Any change to your annual property taxes or insurance premiums may cause your mortgage payment amount to change. To make sure we're accounting for such changes, we...
READ MOREUpgrade your online experience in three easy steps! You can easily manage your account anytime, anywhere and on any device.Step 1: Register your account On PHHMortgage.com – You’re already here, simply click here to get started.Or download the mobile app and select Register.Step 2: Enroll in online features to save money and timeAutopay – Save money and time making automatic monthly or biweekly payments.Alerts – Receive notifications about...
READ MOREWhen you go paperless, you can access up to 60 months of account history anytime and enjoy the peace of mind knowing your private information is secure.With paperless, you'll enjoy:24/7 access to your account documents, including billing, escrow and year-end tax documentsSecure document delivery, right to your online accountAvoid postal delays by getting access to your documents as soon as they are createdLess clutter in your home and an environmentally-friendly choiceMore documents being...
READ MOREManaging your mortgage doesn't have to be a headache. Forget paper statements and phone calls! With your free online account, you get instant control over your mortgage, right from your phone or computer.Why you'll love your online account: We packed your account with features that save you time and money.
READ MOREPHH Mortgage and its employees are here to help as you recover from disasters that affect your home or community. If you need assistance, please reach out by calling 1-800-936-8705, Monday through Friday 8:00 am – 8:00 pm ET. Helping Homeowners Is What We Do! Find below some information and links to useful websites.Hurricane Preparedness Tips: Are you prepared? Have a family communications plan, cash on hand, a battery-powered radio handy, and a plan for pets....
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