Sentences with phrase «servicer of the loan generally»
Once the loan is closed the lender or servicer of the loan generally will charge a servicing fee, which can not exceed $ 30 or $ 35 a month for HECM loans depending on if the interest adjusts yearly or monthly.
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If you have several loans associated with the same loan servicer (the company that sends you a bill each month) and you don't provide instructions, your servicer will generally decide how to allocate your payments in excess of the amount due.
Confirmation from your current servicer / loan holder of the pay - off amounts and interest rates on your underlying loans (generally within 2 weeks of receiving your application)
Confirmation from your current servicer / loan holder of the pay - off amounts and interest rates on your underlying loans (generally within 2 weeks of receiving your application)
Generally, the loan servicer must notify the borrower 15 days before the effective date of the loan transfer.