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Most financial institutions allow other people to pay off your debt, though there may be stipulations. For example, if you're behind on your mortgage payments, your lender may reject a partial payment that doesn't bring your account current.
Know your rights under the law You have a 60-day grace period after a transfer to a new servicer. That means you can't be charged a late fee if you send your on-time mortgage payment to the old servicer by mistake ? and your new servicer can't report that payment as late to a credit bureau.
How do I schedule payments using a PNC account, or other bank accounts? Log in to Online Banking. Choose Make an Internal Transfer or Loan Payment. Select a 'From' account. ... Select your mortgage as the 'To' account. Enter your payment options and schedule your payment.
If you are going to make a last payment, make sure you pay it early enough for funds to clear at the lender's end and are credited against the balance due. If you are closing on the 5th, do not leave it until the 3rd to send it in. We recommend making payment no later than 7 days before closing.
The only thing that changes with the transfer of servicing rights for your mortgage is who you make your payment to. You'll receive communication from your current servicer with additional information, including contact information for your new servicer. Mortgage Servicing Transferred? Here's What You Should Know Rocket Mortgage ? learn ? mortgage-s... Rocket Mortgage ? learn ? mortgage-s...