Mike Beauregard, Realtor, Alta Realty Group CA , IncPhone: (858) 433-6869
Email: mike@mikebeauregard.com
Email: mike@mikebeauregard.com
Buying a home, you may find yourself working closely with a mortgage loan servicer to finance your home purchase. Knowing the basics of mortgage servicing can help you navigate the life of your loan and get a better handle on how to make changes in the future if needed.
After purchasing your home, you can make note of who your service provider is by viewing your monthly mortgage statement.
Your mortgage servicer is responsible for the handling of the loan after you have closed on your home. This includes managing escrow, sending payment statements and receiving your monthly payments.
You can’t change your mortgage servicer so it’s essential to do research before closing on your home. If you’re having issues with your provider that haven't been resolved directly through the company, consider escalating your complaint to the Consumer Financial Protection Bureau.
The terms mortgage lender and mortgage servicer may seem similar but they can differ based on the stage you’re in during the homebuying process.
Prior to closing on a home, a lender gathers your info to make sure you qualify for a loan, handle loan approvals and disperse funds once the home is closed on. Afterward, the lender transfers the handling of the loan to a loan servicer, however in some cases the lender also acts as the loan servicer.
Mortgage payments are a long term commitment so get to know your servicer and ask questions if you need clarity on your mortgage loan.
Hi, I'm Mike A Beauregard. I am Realtor here In Rancho Penasquitos, and I'd love to assist you with your Rancho Penasquitos Home Selling needs. Whether you're in the research phase looking at your potential real estate service options or you are already ready to pull the trigger on hiring a Realtor for your Rancho Penasquitos home selling needs, I provide a No Cost, No Pressure, No Obligation consultation so you can learn first hand if working together with me to get your Rancho Penasquitos Home sold is right for you. You can contact me directly at 858 433 6869 or you can text the keycode WRPINQ to 619 345 5375 now for more digital info, and talk to no one at this time. text rates may apply from your carrier and, by proceeding, you (opt-in) agree-to initial automated interactive text dialog and to future communications via text or phone.
