How do I make payments on my Mortgage Financing?

Your Mortgage Financing is set up for monthly payments to be automatically deducted from your bank account on file. So all you have to do is make sure that every month on your payment date, there are sufficient funds in your primary bank account to make the payment. We will send you an email reminder one week before your payment is due.

If your Mortgage Financing is late, it is considered delinquent, learn more about making late payments.

How do I make a manual Mortgage Financing payment?

Go to "Home > My IRESE > Products" and select your Mortgage Financing. Click the "Make Payment" link. Take me there

If you are making Mortgage Financing payment, you will see these payment fields:

• Payment Amount - your scheduled payment amount on the note. You can edit this field.
• NSF Fee - Not Sufficient Funds fee, which is accrued failed payment fee.
• Late Fee - any accrued late fee
• Extra Payment - allows you to make a payment on your Mortgage Financing which will pay down any accrued fees and interest, and then finally principal, depending on the amounts involved.

If you current on your payment your fees are $0

If you choose not to pay accrued NSF fee or Late fee, you can make the minimum payment which will keep your Mortgage Financing current and out of foreclosure. However, any failed payment fees and late fees that have accrued with your Mortgage Financing will still need to be paid at a later date.

By paying the minimum amount due plus accrued fees, you make the note current.

How are payments applied to my Mortgage Financing balance?

Any time you make a Mortgage Financing payment, funds are applied to your Mortgage Financing balances in this order:

• 1. Pay down accrued late and failed payment fees
• 2. Pay down any accrued interest
• 3. Pay down the Mortgage Financing principal balance

How do I change my current primary bank account to a different bank account for my monthly payments?

Go to "Home > My IRESE > Account > Bank Accounts" and click "Add Bank Account". Take me there Be sure to have a check from your bank account handy.

If you are adding a second, third, or other subsequent bank account, you will be required to fax a copy of a check or a statement from your account to IRESE so that it can be verified.

When you add a bank account to IRESE requires you to provide the following information:

• Bank name: Type in the name of your bank exactly as it appears on your check.
• Account type: Choose whether you are adding a checking or savings account. If you're not sure what type of account you have, contact your bank.
• Account holder name(s): Enter the full name(s) of the account holder(s) as they would appear on a check or bank statement.
• Routing number: Type in the routing number that appears on your check in the lower left corner between the symbols (this is the first block of numbers, and will be nine digits long). For more explanation, see below.
• Account number: Type in the account number that appears on your check (it's the second block of numbers, after the routing number) and before the symbol on your check.
• Re-type Account number: To verify that you entered a correct account number, please re-type it again.
• Primary Account: By selecting this option you choose this account as "primary for all automatic transactions" as primary for all automatic transactions.
• Verify Account Balance: By selecting this option you certify that the bank account specified above has a positive account balance. Please acknowledge positive account balance.

When you add a bank account, we require that you verify ownership of your bank account. Learn more about account verification.

Learn more about managing external accounts.

Can I make a payment out of the cash balance in my IRESE account?

Yes. If you have at least the payment amount required to cover the payment in your IRESE account, one of the "Source of funds" options will be your IRESE account. Select it, enter the payment amount, and your payment will be made automatically.

What happens if I'm late on a Mortgage Financing Note payment?

If payment is not received by the monthly payment date on your Mortgage Financing, your Mortgage Financing is considered delinquent, and failed payment and late fees may be assessed. Review the late payment schedule and fees for more details.

Can I pay off my Mortgage Financing early?

Yes. Learn more about paying off your Mortgage Financing.