After I have paid off my mortgage, how do I check if my lien was released?
State property records will show whether your lien is released. None You can find information on property records by contacting your local Secretary of State or county recorder of deeds. After you pay off your mortgage, your lender should also ...
What happens if my mortgage is sold? Is my loan safe?
If your loan is sold, then your lender must provide you with a loan ownership transfer notice. None Just because your loan is sold does not mean that your servicing right is sold and that you will get a new ...
What's the difference between a mortgage lender and a servicer?
Your mortgage lender is the financial institution that loaned you the money. Your mortgage servicer is the company that sends you your mortgage statements. Your servicer also handles the day-to-day tasks for managing your loan. None Your loan servicer ...
Yes, the Nationwide Mortgage Licensing System & Registry (NMLS) maintains a free service where you can see if a financial-services company or professional is authorized to conduct business in your state. Additionally, you can usually check if there ...
How can I tell if I am working with a mortgage broker or a mortgage lender?
Some financial institutions operate as both lenders and brokers, so you should ask whether a broker is involved in your loan transaction. None Most brokers are paid a fee for their services on a specific loan. The fee may be ...
What is the difference between a mortgage broker and a mortgage lender?
A lender is a financial institution that makes loans directly to you. A broker does not lend money. A broker finds a lender. A broker may work with many lenders. None Whether you use a broker or a lender, you ...
