SWBC Mortgage Payment Options

SWBC Mortgage Payment

Update:SWBC Mortgage Payment - 2021.04.27

SWBC Mortgage Corporation, headquartered in San Antonio, offers a wide variety of mortgage banking services. It has been running for over 23 years. The company provides mortgage, insurance, and investment services to individuals, businesses, and financial institutions in the 50 States.

If you have an SWBC mortgage loan, ensure that you pay on time. This article will help you know how to pay your mortgage fast and effortlessly.

These free online calculators will help you find out how much your monthly payment on SWBC Mortgage will be:

How to Pay SWBC Mortgage Bill Online

To pay your SWBC Mortgage bill online, the first thing you have to do is register an online account.

Follow these simple steps to create your online account.

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Registering an SWBC Online Account

  1. Type the URL swbcmortgage.com. On the right of your screen, click on the “Sign In” button.
  2. Select the “My Mortgage” link.
  3. You will get the link for registering below the “Log in” button.
  4. Click “Register Your Account.
  5. On the registration form, enter the details;
  • Last name
  • Social Security number
  • Date of Birth
  • Email address
  1. Click “Next.
  2. Key in your phone number, then confirm your email address.
  3. Click “Next.
  4. You will then receive a unique code once you click “Continue.” Therefore, choose the medium you’d like to receive your code from. The options are by phone, text, or mail.
  5. Enter your unique code and hit next.

Once the registration is successful, click “Close” for the subsequent process.

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Create Your SWBC Mortgage Profile

Ensure you read the terms and conditions together with their privacy policy carefully. When done, click “Next.

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Log in to Your Account to Make SWBC Mortgage Payments

Type swbcmortgage.com on your browser. Select “My Mortgage,” upon which you will key in your username and password to sign in.

Once you are on your dashboard, click on the “Payments” button, which is on the top left of your screen. Select “Make a Payment,” where your payment history will be available. Type in your bank account details which include;

  1. Nickname to your account
  2. Nickname to your chosen method of payment
  3. Routing number
  4. Account number
  5. Hit “Save.”
  6. Click on the “Submit Payment” button. Done!
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SWBC Mortgage Payment QAs

Where do I make my first mortgage payment?

You usually receive monthly statement weeks into your loan closing, giving you an overview of the payment options. The options include phone and web payment, ACH, and mailing your payment.

What is a fixed-rate mortgage?

A fixed-rate mortgage is whereby your monthly principal together with interest is constant throughout loan life. Your monthly principal with interest is lower on a 30-year fixed-rate mortgage than when you are on a 15-year fixed rate.

However, with a 15-year loan, you can repay your loan in half the duration it would take you to pay a 30-year loan period. Thus, you earn significant interest savings.

How long will it take to close my loan?

The duration required to close a loan varies depending on certain circumstances. However, SWBC helps you by making the loan closing process fast and effective. Therefore, in less than three weeks, the process should be done.

What if I don’t have enough money for a down payment?

SWBC has different loan packages with varying down payment percentages. You should therefore contact a loan officer to discuss your down payment rate.

What is included in my monthly payment?

As you settle your monthly mortgage, principal and interest on the amount of loan are inclusive. Depending on the loan product, the amount might include monthly mortgage insurance. In some instances, you might pay an additional amount to cover yearly taxes and homeowners’ insurance as required in the loan product. Suppose your property is in a flood-prone area, needing flood insurance, your monthly payment will include some amount to cater for the flood insurance premium.

Where do I make my first mortgage payment?

A few weeks after closing the loan, you will get a monthly statement with various payment options for you. The options include using your phone, web, or ACH to settle the costs, plus ways to mail in your payments.

What shall I do if I’ve forgotten my password?

On the SWBC mortgage loan administration site, select Forgot Password on the lower part of the screen. Insert your Username, SSN, and Email Address to restore your password. Press the Recover button. You will receive an email with more instructions.

What shall I do if I’ve forgotten my username?

On the SWBC mortgage loan administration site, click on Forgot Username on the lower part of the screen. Type in your SSN and Email Address to initiate the recovery process. Tap on “Recover.” You will receive an email with additional instructions.

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SWBC Mortgage Customer Service 

Loan Servicing Phone Number: 866-913-2954.

Customer Service Phone Number: 800-460-6990.

Loan Officer: https://www.swbcmortgage.com/Find-a-Pro

Application Service: http://apply.swbcmortgage.com

Company Headquarters Address: 
CORPORATE OFFICE
9311 San Pedro Avenue, Suite 100
San Antonio, Texas 78216

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Instagram: https://www.instagram.com/swbcmortgage/

Facebook: https://www.facebook.com/swbcmortgage/

Linkedin: https://www.linkedin.com/company/swbc-mortgage/

Twitter: https://twitter.com/swbcservices

 Youtube: https://www.youtube.com/channel/UCZfQvQZfDFFRwJ1W7LROCJA

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How to Avoid Late SWBC Mortgage Payments

When you do get approved for an SWBC mortgage loan, you’ll want to avoid any late payments. Here are a few tips that will help you steer clear of making untimely payments.

Sign Up for SWBC Auto-Pay

Your first order of business is to set up an automatic payment option, and you can do this either through your bank or through your lender. You’ll want to go with the most ideal option for you.

Auto-Pay – the Pros

  1. You can avoid late payments and any resulting late fees. This will, in turn, ensure a healthy credit score.
  2. You can do your part to protect the environment with paperless billing.
  3. You won’t have to deal with any expenses relating to postage as you won’t need an envelope or a stamp, and you won’t have to fill out a check since auto-pay is done via electronic funds transfer.
  4. You will save time since auto-pay is convenient. No more will you have to take the time to sit down, write up a check, write your address and the address of the mortgage lender on the envelope, put on a stamp, and put the envelope in the mail. With auto-pay, you can automate the entire process of paying bills.

Auto-Pay – the Negatives

  1. You could, if you’re not monitoring the inflows and outflows of money in your bank account, overdraw your account. In order to avoid any problems, just keep track of how much you have in your account at all times.
  2. You could potentially overlook things like errors, interest rate hikes, or other hidden fees. This can be avoided by simply making it a habit to go over your bill.
  3. You could fail to stay on top of things such as the amount owing or the amount you’re paying monthly. As has been mentioned, you can steer clear of such problems by checking into your account regularly. This will help you to know when it might be a good idea to make additional payments to reduce the principal quicker.

Sign Up for Alerts and Reminders

Receiving a notification for an upcoming bill payment can make all the difference. You can get this by using an app, by getting your mortgage company to send an alert or reminder by email, or even by using Google calendar. You’ll be able to avoid late payments by doing so.

Set Up a Bill Pay Day

Another option is to purposefully schedule a period of the month when you can commit to making bill payments. When you go this route and have a system in place, you will avoid late payments.

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What to Do if I Made a Late SWBC Mortgage Payment

It’s a good idea to avoid a late SWBC Mortgage payment at all costs, but mistakes sometimes happen. While you don’t want to be too hard on yourself if this happens, you need to consider possible consequences. Case in point: you could see your credit score take a hit if you don’t make payments on schedule. Also keep in mind that a late SWBC Mortgage payment may remain on your credit report for as many as seven years, which would adversely impact your credit score. What follows is a look at 3 proven strategies you can use to have late mortgage payment information scrubbed from your credit report.

Option #1: Contact SWBC Mortgage and Make Request

Reach out to your lender by phone right away, and acknowledge that your payment was submitted past the deadline. It’s important to admit you were in error. Let them know when they can expect payment. They may be willing to delete your late payment data so that your creditworthiness doesn’t suffer.

Option #2: Write Them a Letter

The next option at your disposal is to write a letter, known as a goodwill letter, to SWBC. In the letter, you’ll want to specifically and respectfully request a removal. Do these 2 things in the letter:

  • Demonstrate that you accept that the situation was caused by you.
  • Guarantee that there will be no repeat of the delinquent behavior going forward.

What follows is a sample letter template you can use as inspiration:

[Your first and last name] [your address] [your account number]

[date]

To Whom It May Concern:

I appreciate your taking the time to read my letter. The reason for this correspondence is that I found on my latest credit report a late payment listed on [date] for my [name of account] account. I’m aware of the importance of making timely payments and meeting my financial commitments. But due to [situation that led to the missed payment], I unintentionally missed the payment due date. Although I missed the deadline, I have since then taken measures to ensure this does not happen again. Specifically, I’ve [explain what has changed that will prevent any additional late payments]. Since my missed payment, I have had a flawless record of making payments on time.

One reason I’m making this request is that my intention is to apply for a [loan, credit card, etc], and I’ve come to understand that the missed payment reflected on my credit report could jeopardize my objective. Given the fact that my single late payment does not adequately reflect my creditworthiness and intention to abide by my financial obligations, I would be grateful if you would make a goodwill adjustment. This would delete my late payment on [date] and enable me to obtain a [loan, credit card, etc.) and to secure a better rate.

I appreciate your considering this matter, and I hope you will grant my request.

Best regards,

[your name]

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