Frequently Asked Questions

Q14: If I have bank accounts with my lender, should I move that money before starting the loan remedy process?

A: Only if you are behind payments. That wouldinclude any loans you have such as, auto loans, credit cards, mortgages. Thebank can, at any time, take funds out of your accounts if you are in default.If you have an account that your mortgage lender takes your monthly paymentsout, then within 30 days after submitting your application, close this accountand start making payments by check.