Tag · United States

mortgage servicing

8 Loopholes 🇺🇸 United States

Loopholes Tagged "mortgage servicing"

Plain-English guides to U.S. legal rights and workarounds related to mortgage servicing.

Low Risk Easy Home Ownership

Escrow Surplus Refund — Make Your Mortgage Servicer Send Excess Escrow Money Back

$50 - $5,000+ in returned escrow overages

All (federally related mortgage loans) Read Guide →
None Risk Easy Home Ownership

PMI Cancellation — Eliminate Private Mortgage Insurance Early

$2,000 - $6,000 per year

All U.S. States Read Guide →
Low Risk Easy Home Ownership

TILA 3-Day Right to Rescind — Cancel a Home Equity Loan, HELOC, or Mortgage Refinance After Closing

Full loan proceeds returned; all fees and interest charges refunded

All (federal right under the Truth in Lending Act) Read Guide →
Low Risk Medium Insurance

Force-Placed Insurance Protections — Challenge Expensive Lender-Placed Coverage on Your Mortgage

$500 - $5,000+ in avoided or reversed lender-placed premiums

All (federally related mortgage loans) Read Guide →
Low Risk Medium Home Ownership

Mortgage Information Request — Make the Servicer Produce Account Details and Documents

Can uncover fee errors, payoff issues, escrow problems, and foreclosure-defense facts

All U.S. States Read Guide →
None Risk Intermediate Home Ownership

Mortgage Interest Deduction & Points

$2,000 - $15,000+ per year

All U.S. States Read Guide →
Low Risk Medium Home Ownership

Mortgage Servicer Notice of Error — Force a Formal Response to Servicing Mistakes

Can reverse fees, fix misapplied payments, and strengthen foreclosure defense timing

All U.S. States Read Guide →
Medium Risk Medium Home Ownership

VA Loan Assumption — Take Over a Seller's Low-Rate Mortgage Instead of Getting a New One

Can save tens or hundreds of thousands in interest if the assumable loan rate is far below market

All U.S. States Read Guide →