To close your HELOC, please complete, sign and return the Authorization to Close Form. Once your account is paid in full and closed, we will automatically process a Lien Release. A request to release the lien is not required, but you can send one by email, fax or mail: Email: CustomerCare@MortgageFamily.com Fax: 856-917-2700 Mail: PHH Mortgage PO Box 24736 Attn: SV24 West Palm Beach, FL 33416
READ MOREA Home Equity Line of Credit (HELOC) cannot be placed into a Revocable Living Trust because it is an open-ended mortgage. Only mortgages that do not have the capability of obtaining cash advances may qualify.
READ MORETo place a stop on a check or series of checks, contact our Customer Care Center at 1-877-461-2437. You may also fax your request to 1-856-917-2700 Attention: Risk Management. Please be sure to sign the request.
READ MOREIn order to obtain a payoff statement on a Home Equity Line of Credit (HELOC) account, all required borrowers must complete and return the Authorization to Close Out form. This form can be faxed to 1-856-917-2700 or mailed to: PHH Mortgage PO Box 24736 Attn: SV24 West Palm Beach, FL 33416. Upon receipt of the completed Authorization to Close Form, a payoff statement will be issued within 4 business days.
READ MOREGenerally, a Home Equity Line of Credit (HELOC) account does not maintain an escrow account for the regular payment of taxes or insurance. In the event you do not pay your homeowner's insurance premium (or flood insurance if you are in a required flood zone) or property taxes, we will advance the funds to protect our secured interest in the property. The full advance will be billed in the next monthly payment due.
READ MOREThis calculation will vary based on your Home Equity Line Agreement Terms.
READ MOREWhen the loan reaches maturity, all outstanding balances are due. If you find you are unable to afford the outstanding balance, we will work with you to find any available assistance option.
READ MOREFor more information, email us at PartialRelease@MortgageFamily.com. You may also send a request by mail to: PHH Mortgage Attn: Partial Release 2000 Midlantic Drive Suite 410 Mt. Laurel, NJ 08054 Be sure to include the details of your request, as well as your mailing address and phone number. We will send a requirement letter outlining the instructions for the process.
READ MOREPHH Mortgage follows the current guidelines from the Consumer Data Industry Association (CDIA) for all bankruptcy filings. The status of the loan at the time of reporting will be furnished monthly along with the current chapter filed. Typically, a bankruptcy filing can reflect on a credit report for 7 to 10 years.
READ MOREPer CDIA requirements, there will be no credit reporting upon discharge of a chapter 7 bankruptcy if the debt is not reaffirmed. This is because the discharge removes the personal liability for the underlying debt amount. For secured loans discharged through chapter 12 or 13 bankruptcy cases, credit reporting stops if the collateral was surrendered or the lien was avoided.
READ MORE