Carrington Mortgage Services, LLC (2024)

Home Maintenance

DIY vs. Professional: Deciding the Right Path for Home Improvements

Sometimes it can be tough to determine who should tackle your next home improvement project – you or a professional? We’re here to provide you with guidance on common home improvement projects.

A New and Improved Escrow Statement is Here!

Whether you’re a seasoned veteran or a first-time homeowner, reading and fully understanding your escrow statement can be tough. An escrow account is an account managed by your mortgage servicer to pay for property taxes and/or insurance premiums on your behalf.

Each month, a portion of your mortgage payment is deposited into your escrow account, ensuring funds are available when these larger bills become due. Carrington conducts an analysis at least once a year to ensure your escrow account is funded correctly. The analysis determines any surplus or shortage and adjusts your monthly payment accordingly to cover all bills paid through your escrow account.

Home Loans, Welcome to CMS, Buydowns

Homeownership Resources Under one Roof

Carrington is the key to unlocking your homeownership success.From your purchase and refinancing loan options to assisting you with the real estate process, we pride ourselves on offering you everything you need, all under one roof. Check out the possibilities below:

Home Tips, natural disasters, regional emergency

What can you do to Plan for Natural Disasters?

Regardless of where you live, it’s important to have your home prepared for a potential natural disaster. If you experience a natural disaster, we are here to help. Please visit ourDisaster Assistance page for resources available to you if you are impacted.

Here are some general tips regarding emergency preparedness:

Have an emergency plan. Discuss your plan with your family and identify who is responsible for what in the event of an emergency.
Have an emergency supply kit prepared containing nonperishable food, bottled water, medical supplies, any medications and emergency power sources (portable cell phone charger, flashlights and batteries.)
Know where your nearest emergency shelter is located and have multiple routes to get there safely. For families with pets, ensure your plan includes accommodations for your pets.

Home Loans, Loan Assumption

How Does the Loan Assumption Process Work and How Can I Benefit?

What is an Assumable Mortgage?

Home Maintenance

Popular Home Improvement Projects you can DIY This Spring

With the weather warming up, many homeowners are looking for simple yet impactful home improvement projects to complete this spring. Check out our list of the most popular DIY projects below for inspiration!

Mortgage Industry Update

Buying and Selling Season has Arrived!

With mortgage rates forecasted to dip in 2024, there is potential for a boom in buying and selling, as well as room for potential refinance opportunities for homeowners.

After its meeting in March this year, the Federal Open Market Committee (FOMC) voted unanimously to leave the benchmark federal fund rates unchanged. The federal funds rate is the overnight borrowing rate for commercial banks and credit unions – indirectly influencing mortgage rates. This vote marks the fifth consecutive meeting to maintain its steady policy rate between 5.25 percent and 5.5 percent. For all your homeownership needs, here are some opportunities you can take advantage of when using Carrington Mortgage Services, LLC!

Paperless, Auto Pay, HomeAmp

Benefits of Servicing with Carrington

Here at Carrington, we want to set you up for success on your homeownership journey. From home equity tools to paperless billing and AutoPay, here are some resources to help you streamline your homeownership needs.

CCF, Veterans

Carrington Charitable Foundation’s Round Up Program Reaches $500,000 Milestone

Since its inception in 2011, the Carrington Charitable Foundation (CCF) has supported nonprofit organizations and communities across the United States through causes that reflect the interests of Carrington leaders and our Associates. In Sept. 2019, CCF introduced a Round Up program for Carrington Mortgage Services (CMS) customers that provides them with an easy way to support the great work CCF is doing in communities across America by “rounding-up" their monthly mortgage payment to the nearest dollar, with the additional amount being made as a donation to CCF. Recently, the Round Up program reached an important milestone: hitting the $500,000 mark for donations to support CCF programs for combat wounded Veterans across the United States.

Credit Score

Ways to Boost Your Credit Score

Lenders use many factors to evaluate a customer’s loan application, and credit scores are one important element. The better your credit is, the more likely you will be approved for a loan at the best possible interest rate the lender has to offer. Some lenders offer solutions that are beneficial to those with lower credit scores too, so don’t dismay.

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