Should I Set Up Automatic Mortgage Payments?

automate payments Freedom Mortgage HDR - Should I Set Up Automatic Mortgage Payments?

5 Reasons why it may make sense.

Many Freedom Mortgage customers enjoy the convenience of having their mortgage payment deducted directly from their checking account. Why? Automatic mortgage payments provide a host of benefits, and of course, you never need to remember to buy stamps.

Mortgage payments are the perfect bills to automate. Mortgage payments typically don’t vary month-to-month, so automatic payments can help you plan your finances and manage your budget.

Automatic mortgage payments are free and secure. Access traceable payment record anytime online, making balancing your checkbook a breeze.

Set up once and don’t worry about payments again. Initial setup is quicker than ever and can be completed entirely online.

Automatic payments help establish a consistent pay history. Payment history is important to your credit score.

Flexibility to pay your way, whether monthly, semi-monthly or bi-weekly:

  • Monthly Draft (once per month)
    Helps you avoid mail delays and late charges by scheduling your payment within your grace period.
  • Bi-Weekly Draft (every other week)
    Results in one extra principal payment per year, so you’ll be finished with your mortgage sooner and pay less interest over the life of your loan.
  • Semi-Monthly Draft (twice per month)
    Break your monthly mortgage payment into two smaller payments you can coordinate with your paycheck to suit your budget.

Just log in to your account or register at www.Freedommortgage.com to get started.

Don’t forget, even with automatic payments you should review your bill and make sure your checking account has enough to cover your payments each month. But for many, automatic mortgage payments are a timesaver and powerful tool to help them achieve their financial goals.

This article has 8 Comments

  1. I had auto payments. I set it up for one monthly payment and you started taking 2 a months. Screwed my finances up severely. Then you offered to “help me out” with a refi. About that time, I read an article where the US Government had sent Freedom Mortgage a letter threatening to list them as a predatory lender for “loan churning.” I wouldn’t trust you people to sniff it properly if I passed gas.

    1. Hi John,

      Thanks so much for reaching out. The best approach here would be to contact the Customer Care team directly, as they have access to customer information and unfortunately, I do not on this end.

      They can be called at (855) 690-5900, dial zero at the prompt to speak directly to a customer service rep, or emailed at CustomerCare@freedommortgage.com. If you email, please include your loan number and property address to speed resolution. Representatives are available to assist you Monday through Friday from 8 am – 10 pm ET and Saturday 9 am – 6 pm ET.

      Thank you again.

  2. The website never works for me. I have tried multiple times. I set up a log in a long time ago and it never let’s me log in. So I have changed my password multiple times to see if it helps and it never does. I’d like to pay online instead of calling it in every time, but your website never works.

    1. Hi Nicolas,

      Thanks so much for reaching out. The best approach here would be to contact the Customer Care team directly, as they have access to customer information and unfortunately, I do not on this end.

      They can be called at (855) 690-5900, dial zero at the prompt to speak directly to a customer service rep, or emailed at CustomerCare@freedommortgage.com. If you email, please include your loan number and property address to speed resolution. Representatives are available to assist you Monday through Friday from 8 am – 10 pm ET and Saturday 9 am – 6 pm ET.

      Thank you again.

  3. I was told that I have to pay my mortgage two months in advance to set up the auto pay. How is this helping anyone. In this economy who can pay a mortgage up that much. Yet I get email and paper mailings often telling me to set it up. It’s easy. Yeah right.
    No help at all.

    1. Thanks so much for reaching out. The best approach here would be to contact the Customer Care team directly, as they have access to customer information and unfortunately, I do not on this end.

      They can be called at (855) 690-5900, dial zero at the prompt to speak directly to a customer service rep, or emailed at CustomerCare@freedommortgage.com. If you email, please include your loan number and property address to speed resolution. Representatives are available to assist you Monday through Friday from 8 am – 10 pm ET and Saturday 9 am – 6 pm ET.

      Thank you again.

    1. Thanks so much for reaching out. The best approach here would be to contact the Customer Care team directly, as they have access to customer information and unfortunately, I do not on this end.

      They can be called at (855) 690-5900, dial zero at the prompt to speak directly to a customer service rep, or emailed at CustomerCare@freedommortgage.com. If you email, please include your loan number and property address to speed resolution. Representatives are available to assist you Monday through Friday from 8 am – 10 pm ET and Saturday 9 am – 6 pm ET.

      Thank you again.

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