Your first mortgage payment is coming up!
We hope you are settling into your new home! Now it’s time to start making the payments that help you pay-off your mortgage and own your home free and clear.
This can be a confusing time for many homeowners. You will have two mortgage payments to make each month – one to your primary mortgage company and one to the Chenoa Fund for your down payment assistance.
Also, it is very common for your mortgage to be sold or transferred to a different servicer during the first few months of homeownership. This means you may get notices telling you to send payments to a new company or new address.
Don’t worry, though - we are here to help! Look for a call from us in the next week or so and we can help answer any questions you might have.
The most important thing is making your payment on-time each month. Enrolling in ACH will setup an automatic mortgage payment every month. Most successful homeowners sign up for automatic payments in order to make sure they don’t miss a payment.