Is Planet Home Lending legit?

Planet Home Lending Reviews

The company comes highly-rated, with a 4.84 out of 5-star rating on SocialSurvey based on nearly 12,000 customer reviews. … However, they’ve got a 4.3 out of 5-star rating on Trustpilot, which is considered excellent, from more than 800 reviews.

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Also to know is, how long has Planet Home Lending been in business?

Location of This Business

BBB File Opened: 2/28/2011
Years in Business: 13
Business Started: 6/1/2007
Business Incorporated: 10/3/2007
Moreover, how do I make a payment on Planet Home Lending? Pay By Phone

Have your payment electronically deducted from your bank account by contacting our Customer Assistance Center at 1 (866) 882-8187 and selecting Option 2.

Beside this, how do I get my payoff from Planet Home Lending?

Call the Customer Service Department at 1 (866) 882-8187 option 3, to update your mailing address. What kinds of funds are accepted for payoff and where do I send the funds? Your payment may also be sent by wire transfer. Contact our Customer Service department at 1 (866) 882-8187 for wire instructions.

Can I pay my mortgage with a 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.

Does Planet Home Lending have an app?

There are several options to pay your Planet Home Lending bills. You can either pay online at Planet Home Lending’s website, or you can use Prism’s mobile app to pay all your bills.

Is Planet Home Lending a collection agency?

Company Profile: Planet Home Lending, LLC

Planet Home Lending, LLC is a mortgage provider and debt collection agency in Meriden, Connecticut. It was founded in 2007, has 526 employees, and is managed by its President, Sandra Jarish.

What is escrow on a mortgage?

When you have a mortgage, you also have an escrow account that acts as a savings account that’s managed by your mortgage servicer. Your mortgage servicer will deposit a portion of each mortgage payment into your escrow account to cover your estimated property taxes and insurance premiums. It’s that simple.

What does Planet home lending do?

Whether you are buying a new home, getting cash from your home, need a more affordable payment, or want to pay off your mortgage sooner, our mortgage professionals explain your options simply and clearly and give you competitive rates and terms.

What is net escrow balance?

What Does It Mean to Net Escrow? … Netting an escrow only happens if you decide to refinance your home loan, and it allows you to take the money in your existing escrow account and apply the balance as a credit toward the payoff of the new loan.

How long does it take to get a payoff statement?

Under federal law, the servicer is generally required to send you a payoff statement within seven business days of your request, subject to a few exceptions. (12 C.F.R. § 1026.36.)

When was Planet Home Lending established?

2007

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