Navigating Monthly Mortgage Payments with Standard Mortgage Corporation

Making consistent mortgage payments is key to successful homeownership Standard Mortgage Corporation aims to provide borrowers with convenient payment options to avoid headaches and keep accounts in good standing Read on for tips on managing monthly mortgage bills with Standard Mortgage,

Overview of Standard Mortgage Payment Options

Standard Mortgage offers flexibile ways to submit your monthly mortgage payment:

• Online – Pay via Standard Mortgage’s eStatus Connect portal. Supports autopay or one-time payments.

• Phone – Call 800-448-4190 to pay by phone. Speak to a representative to process payment

• Mail – Send a check or money order to Standard Mortgage’s payment address (listed on statements).

• In person – Visit a Standard Mortgage branch location to pay with cash, check, or card

• Automatic bank draft – Authorize recurring autopay withdrawals from your external bank account.

Standard Mortgage aims to provide borrowers choices to simplify payments. Setup autopay or make one-time payments electronically for convenience.

Paying Online Through eStatus Connect

Standard Mortgage’s eStatus Connect online portal offers a fast, secure way to pay your mortgage. To get started:

• Visit stanmor.estatusconnect.com and register for an account. You’ll need your loan number and Social Security number.

• On your account dashboard, click “Make Payment” to schedule one-time payments or set up automatic monthly withdrawals.

• Enter your bank account information to link for payments. Processing takes 2-3 days.

• Receive confirmations and view payment history right on eStatus Connect.

Online payments through eStatus Connect let you easily manage mortgage payments on your schedule, without writing checks.

Mailing Monthly Mortgage Payments

To submit payments by mail, follow these steps:

• Detach the payment coupon from your mortgage statement.

• Write a check or get a money order made out to Standard Mortgage Corporation. Include your loan number.

• Mail the coupon and payment to: Standard Mortgage Corporation, P.O. Box 650561, Dallas, TX 75265-0561

• Allow 5-7 days for mailed payments to process. Payments without coupons may experience delays.

Always use the provided envelope and include your mortgage account number to prevent processing issues.

Avoiding Late Fees and Delinquency

To keep your Standard Mortgage account in good standing:

• Pay by the 1st – Have payments in by the 1st of the month to avoid late fees. Payments after the 16th incur fees.

• Review statements – Check statements for changes to payment amount or due dates. Update autopay accordingly.

• Notify Standard Mortgage – If unable to make full payment, immediately contact Standard Mortgage to discuss options. Partial payments may be rejected or incur fees.

• Watch credit impacts – Late payments get reported to credit bureaus, damaging your credit score.

Staying current on mortgage payments is crucial. If facing hardship, Standard Mortgage can help explain available assistance options.

Handling Mortgage Escrow Payments

Your monthly mortgage payment to Standard Mortgage includes an escrow amount to cover property taxes and homeowner’s insurance. Here’s how escrow works:

• Review your escrow statement to understand your specific escrow payment amount.

• Standard Mortgage manages your escrow account and makes tax and insurance payments on your behalf when due.

• Surplus escrow gets refunded to you annually if your account exceeds targets. Shortages may increase your monthly payment.

• Escrow amounts can change yearly as tax and insurance obligations change. Your mortgage payment will adjust accordingly.

If you have questions about your escrow account with Standard Mortgage, contact customer service for details. Monitoring your escrow amount helps avoid unexpected payment increases.

Solutions for Struggling Borrowers

If you’re battling financial hardship and difficulty making mortgage payments, don’t wait to get help. Standard Mortgage offers assistance options, including:

• Repayment plan – Set up affordable repayment schedule for missed payments.

• Forbearance – Temporarily reduce or suspend payments for up to 12 months.

• Modification – Adjust loan terms to reduce monthly payment long-term.

• Refinancing – Obtain a new loan with better terms to lower payment.

• Alternate payment options – List property for short sale or consider voluntary surrender.

Don’t jeopardize your credit or put your home at risk. Standard Mortgage can evaluate your unique situation and help keep mortgage payments manageable.

Tips for Smooth Mortgage Payments

Follow these tips for stress-free mortgage payments with Standard Mortgage:

• Provide up-to-date contact info so Standard Mortgage can reach you if needed.

• Enroll in autopay and paperless statements for convenience.

• Understand your monthly obligations for principal, interest, taxes, insurance and more.

• Adjust autopay if your payment changes due to escrow adjustments or rate changes.

• Watch for correspondence from Standard Mortgage regarding past due accounts or assistance options.

• Save payment confirmations and track payments to ensure proper crediting.

• Ask about discounts for early payoffs when selling or refinancing with Standard Mortgage.

Responsible mortgage payment habits are vital for successful homeownership. Let Standard Mortgage provide resources and support needed to manage monthly mortgage bills with ease.