What time does Planet Home Lending open?
Whether you’re a current Planet Home Lending customer or considering us for the first time, we can help you find the best loan option for your financial situation. Hours: Monday – Thursday: 9:00 am – 9:00 pm ET. Fridays: 9:00 am – 6:30 pm ET.
How do I get my payoff from Planet Home Lending?
Call the Customer Service Department at 1 (866) 882-8187 option 3, to update your mailing address. What kinds of funds are accepted for payoff and where do I send the funds? Your payment may also be sent by wire transfer. Contact our Customer Service department at 1 (866) 882-8187 for wire instructions.
Who is the CEO of Planet Home Lending?
Michael “Mike” Dubeck
Michael “Mike” Dubeck is President and CEO of Planet Financial Group, LLC, the parent company of Planet Home Lending, LLC, and Planet Management Group, LLC, a private client and government sub-servicer of residential and small-balance commercial loans.
Does Planet Home Lending report to credit bureaus?
How does Planet Home Lending, LLC collect my personal information? We also collect your personal information from other companies, including credit bureaus, affiliates, or others.
What is shortage on my mortgage?
A shortage occurs when the escrow account balance at its projected lowest point for the next 12 months is below the required minimum balance. This required balance is typically equal to two months of escrow payments.
Does Planet Home Lending have an app?
You can either pay online at Planet Home Lending’s website, or you can use Prism’s mobile app to pay all your bills.
What is hazard ins on a mortgage?
Hazard insurance protects your home from natural disasters or hazards. It’s usually a requirement when qualifying for a mortgage. These hazards may include fires, severe storms, hail, sleet, or other natural events. These hazards may include fires, severe storms, hail, sleet or other natural events.
Why did my mortgage go up $200?
The most common reason for a significant increase in a required payment into an escrow account is due to property taxes increasing or a miscalculation when you first got your mortgage. Property taxes go up (rarely down, but sometimes) and as property taxes go up, so will your required payment into your escrow account.
Why would I have an escrow shortage?
The most common reason for a shortage – or an increase in your payments – is an increase in your property taxes. In other words, an escrow shortage is the result of not having enough money in your escrow account to cover the actual amount needed to pay your bills.
What is mortgage escrow?
Mortgage escrow accounts are special holding accounts for your property tax payments and homeowners insurance premiums. Instead, your mortgage lender will collect these payments on a monthly basis as part of your mortgage payment, hold them in the account, then pay the bills automatically on your behalf.
Why is my mortgage company charging me for hazard insurance?
The reason ‘hazard insurance’ is a common term is actually because of lenders. Your mortgage loan provider may require hazard insurance at minimum before they will issue you a loan, because that is the only portion of the homeowners insurance policy directly related to the home structure itself.
Do I have to pay hazard insurance on my mortgage?
When you take out a mortgage, the lender will require you to take out hazard insurance to protect their investment; many lenders will incorporate the insurance payment into your monthly mortgage payment.
Where to make a planet home lending payment?
Payment address: Planet Home Lending, LLC P.O. Box 69197 Baltimore, MD 21264-9197
Where is planet home lending in Meriden CT?
Overnight Courier address: Planet Home Lending, LLC. 321 Research Parkway Suite 303. Meriden, CT 06450. If your check or money order does not include your address and a telephone number where we may call you if necessary, please include this information with your check or money order.
Why is planet home lending a bad company?
P.S. this same company has twice caused my homeowners policy to be either canceled or threatened to cancel (as recently as last month) because Planet Home can’t seem to handle escrow and properly pay the bills. RUN AS FAST AS YOU CAN TO GET AWAY FROM THIS COMPANY. Do not work with this company! Do not work with this company!!
Is the core seller portal for planet home lending reliable?
CORE Seller Portal is reliable and easy to navigate; our loans get purchased quickly which saves us money! The Planet Home Lending team is awesome; they deliver the expected results and are always very helpful.
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