Customer service was good, they followed up on time and their response was fine. The information was clear and there were no other charges taken by the bank. The website showed me a list of all the home loan schemes as per my eligibility. Good services by MyLoanCare.
Besides, what is MyLoanCare?
MyLoanCare is a Gurgaon based online marketplace that provides online delivery of loans and related financial services to customers all over India. … Since 2013, we have earned over 50 lakh customers’ trust and received an average 4.5/5 rating from our valuable customers.
In respect to this, how do I pay my RP mortgage online?
Pay Online:
Visit yourmortgageonline.com to pay online.
How can I clear my home loan early?
4 Tips to Help You Close Your Home Loan Early
- Choose home loan tenure as short as possible.
- Increase your home loan EMI with time.
- Prepay your home loan whenever possible.
- Opt for balance transfer for lower home loan interest rate.
Can I close my home loan before tenure?
A borrower can also preclose a housing loan to save up on interest. Closing off a loan before the term is due allows the borrower to evade a part of the interest. … However, one must take into consideration the home loan preclosing charges that a bank may charge before preclosing.
Should I refinance my mortgage?
If you have at least 20% equity in your home and a strong credit score, refinancing your mortgage is a great way to lower your interest rate—especially if rates are on the decline. … Refinancing your mortgage is generally a good option if you can decrease your interest rate by 1% to 2%.
How do I refinance my house?
Refinancing a mortgage, step by step
- Set your goal. Reduce monthly payments? …
- Shop for the best mortgage refinance rate. Keep an eye on fees, too.
- Apply for a mortgage with three to five lenders. …
- Choose a refinance lender. …
- Lock your interest rate. …
- Close on the loan.
Why did my mortgage go up?
You have an escrow account to pay for property taxes or homeowners insurance premiums, and your property taxes or homeowners insurance premiums went up. … If your monthly mortgage payment includes the amount you have to pay into your escrow account, then your payment will also go up if your taxes or premiums go up.
How can I pay my mortgage off quicker?
The fastest ways to pay off your mortgage may include a combination of the following tactics:
- Make biweekly payments.
- Budget for an extra payment each year.
- Send extra money for the principal each month.
- Recast your mortgage.
- Refinance your mortgage.
- Select a flexible term mortgage.
- Consider an adjustable rate mortgage.
How do I find out who owns my mortgage?
You can look up who owns your mortgage online, call, or send a written request to your servicer asking who owns your mortgage. The servicer has an obligation to provide you, to the best of its knowledge, the name, address, and telephone number of who owns your loan.
Can I pay my mortgage with my credit card?
Mortgage lenders don’t accept credit card payments directly. If you have a Mastercard or Discover card, you may be able to pay your mortgage through a payment processing service called Plastiq for a 2.5% fee.
Are closing costs tax deductible?
Can you deduct these closing costs on your federal income taxes? In most cases, the answer is “no.” The only mortgage closing costs you can claim on your tax return for the tax year in which you buy a home are any points you pay to reduce your interest rate and the real estate taxes you might pay upfront.
How do I get rid of PMI on my mortgage?
To remove PMI, or private mortgage insurance, you must have at least 20% equity in the home. You may ask the lender to cancel PMI when you have paid down the mortgage balance to 80% of the home’s original appraised value. When the balance drops to 78%, the mortgage servicer is required to eliminate PMI.
Where do I pay my mortgage?
The easiest option for most homeowners is to pay for their mortgage through either through their bank or mortgage lender’s website. Paying online means consumers can decide when they want to make the payment, maintain a record of when it was made and ensure that it is paid by the due date.