Payments & Payoffs
Payments
Why Your Payment May ChangeLists possible reasons for a payment changePayment OptionsLists all accepted payment methods and all available payment typesGrace Period and Late PaymentsExplains your grace period and when payments are considered lateManaging Automatic Payments (AutoPay)Includes setup, making changes, and automatic payment amount adjustmentsMaking an Online PaymentProvides instruction on how to make an online paymentPaying by PhoneExplains how to pay by phone using our secure, automated phone systemMailing a PaymentProvides instructions and address for mailing a paymentAmortization Schedule InformationDescribes amortization schedule and advises where to view yoursPaying with Western Union® or MoneyGram®Includes instructions for each payment serviceMortgage RecastProvides definition, guidelines, and process for a mortgage recast
Payoffs
Biweekly AutoPay
What It Is
Biweekly AutoPay will automatically draft a half-payment from your account every 2 weeks (14 days).
- There will be 26 withdrawals a year.
- There will be 2 months during the year when a 3rd half-payment will be drafted and posted to the account, as a principal payment.
- The 2 extra half-payments will help reduce the overall interest you pay on the loan and accelerate the payoff.
Note: There are no fees for using Biweekly AutoPay.
Eligibility
- Account must not be enrolled in Monthly AutoPay. (You can change your AutoPay frequency here.)
- Account must be paid 1 month in advance. (The 2 withdrawals made each month will be applied as the next month’s payment.)
Setting Up
Setting up AutoPay—Biweekly or Monthly—is quick, easy, and free.
You can also set up AutoPay by completing and returning one of these forms: