I have not recieved a payment coupon book or statement, is there any way we can get one soon?
We closed on our house on Aug. 22 of this year and still to this day have not recieved a payment coupon book or statement, is there any way we can get one soon?
Thank you for visiting Bills.com. Here is an answer to your question - which I think I can help you with.
You are not in a rare situation, many times lenders will actually 'sell' the servicing rights to your loan and it can take some time for you to get your mortgage payment coupon books. It's also likely that they will offer you a discount or an incentive to do automatic e-payments every month.
For now, you can call your lender and request the coupon book. Trust me, these days they will be pleased that you are looking to make a payment!
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The Latest on Mortgage Rates
Mortgage rate fluctuations should come as no surprise. If you are buying a home or refinancing your existing mortgage, it is important to stay informed about the current mortgage rates.
Mortgage rates April 10, 2024
According to Freddie Mac, the 30-year mortgage rate for the week of April 10, 2024 stands at 6.88%. This reflects a 6 basis points increase from the previous week's rate.
Note: A basis point is equal to one-hundredth of one percent (0.01%). In numerical terms, if the mortgage rate changes by 20 basis points, it means the rate has changed by 0.20%.
Additionally, Freddie Mac reports that the 15-year mortgage rate for April 10, 2024 is 6.16%, indicating a 10 basis points increase from last week’s rates.
What does the mortgage rate mean for you?
Mortgage rates are one of the key factors that determine your monthly payment. Here are avergage interest rates (APR) for April 14, 2024 based on Zillow date for borrowers with a high credit score (680-740) in the United States:
- 30-year conventional loan is 7.09%
- 15-year conventional loan is 6.29%
Using the rates mentioned above, the monthly payment for a $279,082 30-year-year mortgage would be $1,874. A 15-year mortgage would require a monthly payment of around $2,399.
Experience a smooth mortgage process: Shop around and get pre-approved today!
Shopping around for mortgages and getting pre-approved can make your home-buying or refinancing process easier. Ready to take the plunge? Check Out mortgage rates now for the best options available.
