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 MOREAccess your Form 1098, Mortgage Interest Statement online by logging in and accessing the Document Center. For more detailed information about the Form 1098, contact your tax advisor or refer to the Taxes and Year-End Frequently Asked Questions.
READ MORECustomers should beware of phone calls and emails from individuals claiming to be PHH Mortgage employees demanding payments in the form of a pre-paid debit/gift card to cover trial loan modification payments, escrow shortages and/or to avoid foreclosure. These imposters may be calling from what appears to be a legitimate PHH Mortgage phone number, this is called "spoofing". Tips to help secure your money and personal information : Spot Imposters. Fraudsters will usually...
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 the My Account button 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...
READ MOREWhen you choose to go paperless, you can access 36 months of account history anytime, enjoy the peace of mind knowing your private information is secure, and much more!Be secure and simplify your life with paperless delivery. Quick and secure 24/7 accessLess clutter and environmentally friendlyTax, privacy, and statement options available nowMore documents being added over timeThree Easy StepsLog in in today to enrollClick “Account Management” and then the “Account...
READ MOREFind answers to frequently asked questions about mortgage transfers.
READ MOREMake a payment, check your balance, view statements and sign up for Paperless Billing or Autopay. There are many benefits to registering and managing your account online.Paperless Billing: Reduce the clutter and view your bill online. Plus: View up to 36 months of billing historyHelp the environment by using less paperAutopay: Simplify your life and have your payments automatically deducted. Plus: Choose between once-a-month or biweekly paymentsSelect your payment method as...
READ MORE