Who regulates specialized servicing?

the Consumer Financial Protection Bureau

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Herein, how can I pay down my mortgage faster?

When it comes to paying off your mortgage faster, try a combination of the following tactics:

  1. Make biweekly payments.
  2. Budget for an extra payment each year.
  3. Send extra money for the principal each month.
  4. Recast your mortgage.
  5. Refinance your mortgage.
  6. Select a flexible-term mortgage.
  7. Consider an adjustable-rate mortgage.
Also to know is, 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. It’s not always easy to tell who owns your mortgage.

Keeping this in consideration, how do you tell if I should refinance my mortgage?

So when does it make sense to refinance? The typical should-I-refinance-my-mortgage rule of thumb is that if you can reduce your current interest rate by 1% or more, it might make sense because of the money you’ll save. Refinancing to a lower interest rate also allows you to build equity in your home more quickly.

Is specialized loan servicing legit?

Is Specialized Loan Servicing Legit? Yes. SLS LLC or Specialized Loan Servicing is a mortgage servicing company which collects on residential mortgages. Many consumers will receive a notice from SLS when they had originally had their mortgage held at Bank of America or even Country Wide.

What kind of company is specialized loan servicing?

Specialized Loan Servicing LLC (SLS) operates as a financial company. The Company offers residential mortgages, as well as provides loan modification and planning services.

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