![]() ![]() It's also less adaptable than the other options. The most powerful of these strategies is refinancing, but it requires you to pay closing expenses. If you received unexpected money, apply it to your mortgage debt to shorten the term of your loan and the amount of interest you pay. When possible, make additional lump sum payments The extra $57.25 isn’t a lot, but could bring the amortization schedule down by a couple of years. Consider your monthly payment of $1,542.75 and you round up to $1,600. If an extra payment per year is too much, you can round up. Or divide the "13th-month" amount by 12 and add that amount to each month’s payments. You can make one additional payment every year-a "13th-month" payment. Here are four common strategies: Make additional payments ![]() If you want to pay off your debt, PennyMac doesn't take prepayment penalties. ![]() PennyMac may offer extra extensions on a case-by-case basis. The minimum for a Best Efforts extension is one calendar day. PennyMac can extend the loan repayment period - "Best Efforts Commitment Extension." Sellers may extend a Best Efforts commitment’s commitment delivery due date for a maximum cumulative period of 30 calendar days or the initial commitment term. To complete your payment, simply bring your loan number to the service counter. Look up at the nearest Western Union location. Use Western Union to ensure that your payment is received immediately. You can also speak with one of the Customer Service Representatives, though this may incur a fee. Use the automated phone system to make a free One-Time Payment directly from your checking or savings account. If your loan was recently transferred to PennyMac and you haven't received a PennyMac payment coupon, you may submit your payment to the business mail address. When mailing your payment, provide your loan number. If you have chosen this payment method, you will receive a PennyMac payment coupon. Make your payment with your bank account or debit card in two simple steps.Select "Make a Payment," then "One-Time Payment." Log in to your PennyMac account using any browser, or get the PennyMac Mobile app.Use the easy "One-Time Payment" option from your computer, tablet, or smartphone to make your mortgage payment online with your checking, savings, or debit card. Log in to your PennyMac account and go to "Account Settings," then "Paperless Preferences," then "Online Only." You can always change your mind. Paperless: Simplify your mortgage by having 24/7 access to all of your statements.You need your bank account and routing number to sign up for the service. ![]() To enroll, simply follow the three-step process.Log into your PennyMac Financial Services account and select "Make a Payment," then "Automatic Payments.".Using this option, your payments are debited automatically every month on the date you specify. Repayment of loan Online automatic monthly payments Credit card number Bank Identification Number (BIN) Lookup.Mortgage Choose a mortgage according to your needs.Credit cards Draw up the best bank card online.Credit Score Find out your credit score for free. ![]()
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