LoanCare: You finally did it—you bought your first home. Congratulations! Now the reality of making monthly mortgage payments is setting in. To keep track of your loan details, set up automatic payments, check your payment history or loan payoff amount, you’ll need to register for a LoanCare account. LoanCare services millions of mortgages, so there’s a good chance they handle yours.
The good news is, setting up your online account is quick and easy. In just a few minutes you can gain access to all the information you need about your mortgage in one place. Keep reading to learn how to activate your LoanCare account and get the details on your current loan balance, interest rate, payment amounts and payoff information whenever you need it. Knowledge is power, and understanding the details of your mortgage will give you peace of mind and help ensure you pay it off on time. Let’s get started!
What Is LoanCare? An Overview of This Mortgage Servicer
LoanCare is one of the largest mortgage servicing companies in the U.S. If they service your home loan, you’ll make your monthly payments to them and they handle tasks like escrow and insurance payments on your behalf.
To access your LoanCare account, you’ll first need to register on their website. You’ll provide personal details like your name, address, and loan number to verify your identity. Once registered, you’ll have access to payoff information, payment histories, tax documents, and more.
Paying off your mortgage is a big milestone, so LoanCare provides resources to help you achieve it. Under the “Payoff Information” tab, you’ll find your current loan balance and the amount needed to pay off your loan in full. You can also simulate different payoff amounts to see how much interest you’ll save by paying extra each month.
If you fall behind on payments, don’t panic. LoanCare offers programs to help get you back on track like repayment plans, loan modifications, and forbearance options. The most important thing is to contact them right away to discuss your situation and next steps.
Between their online resources and customer service team, LoanCare aims to provide a helpful experience for homeowners. While mortgage servicing companies are not always popular, LoanCare receives fairly good reviews from borrowers and has an A+ rating from the BBB. For most people, they make the process of paying off a mortgage as painless as possible.
Accessing Your LoanCare Account Online – Login Tips
To access your LoanCare account online, follow these tips to login successfully:
Know Your Login Credentials
Make sure you have your LoanCare account number, username, and password handy. If you’ve forgotten your username or password, select the “Forgot Username” or “Forgot Password” link on the login page to recover them.
Use a Supported Browser
LoanCare’s website works best in updated versions of Chrome, Firefox, Safari, or Edge. Older browsers may have compatibility issues, so update or consider switching browsers if needed.
Double Check Your Information
Carefully enter your account number, username, and password. Take your time and double check that each character is correct before clicking “Login”. Entering incorrect information too many times can lock you out of your account temporarily.
Two-Step Verification
If you have two-step verification enabled for extra security, you’ll receive a text message with a verification code after entering your username and password. Enter that code on the next page to complete your login.
Account Dashboard
Once logged in, you’ll see your account dashboard. Here you can view details like your current loan balance, interest rate, payment history and more. You can also make one-time or recurring payments, download statements, set up autopay, update your personal information, and access additional services.
Take advantage of all the useful tools and resources available in your LoanCare account. Regularly logging in and staying on top of your loan details is the best way to pay off your balance and achieve total loan freedom as quickly as possible!
Checking Your LoanCare Interest Rate and Payment Details
To check your LoanCare account details and make payments, you’ll need to log in to their website or mobile app.
Logging in to Your LoanCare Account
Visit myloancare.com and enter your username and password to sign in. If it’s your first time accessing the site, click ‘Register’ to set up your account. You’ll need information like your loan number, Social Security number, and property address to verify your identity.
Once logged in, you’ll see an overview of your loan details. This includes your current interest rate, payment amount, principal balance, and the date your next payment is due. LoanCare aims to provide an easy to understand summary of what you owe each month so there are no surprises. You can also view your payment history and download statements if needed.
To make a payment, simply click ‘Make a Payment’ and select either a one-time payment or set up recurring auto-pay. For one-time payments, you can pay via electronic check, debit/credit card, or over the phone. Auto-pay deducts your payment automatically from the bank account of your choosing each month. Many borrowers find auto-pay convenient since you don’t have to remember to pay each bill.
If you have questions about your account or need help accessing your information, don’t hesitate to contact LoanCare’s customer service. They have representatives available via phone, email, and web chat Monday to Friday. Your account and financial details are important, so LoanCare takes security and privacy seriously. But they also aim for a hassle-free experience in managing your mortgage or loan.
Logging in regularly, keeping your information up to date, and setting a recurring payment method are the best ways to stay on top of your LoanCare account. Their online portal and mobile app make it easy to view details, download statements, and pay your bill each month so you have peace of mind that your account is in good standing.
Getting Your LoanCare Payoff Amount
To access your LoanCare account and payoff information, follow these simple steps:
Sign In to Your Account
Visit myloancare.com and click “Sign In” at the top of the page. Enter your username and password to log in to your account. If you’ve forgotten your login info, click “Forgot Username or Password?” to have it emailed to you.
Once signed in, you’ll see details about your mortgage account on the right side of your screen. This includes your current principal balance, estimated payoff amount, and a summary of your payment history.
Request an Official Payoff Quote
To get an official payoff quote for your loan, click “Statements & Documents” or “Payoff Request” from the menu. Select “Request Payoff Quote” and fill in the date you want to pay off the loan. The payoff amount will include your remaining principal, interest, and any applicable fees.
LoanCare will provide the total payoff amount within 1-2 business days. The quote is valid for 15 calendar days. So once you have the funds ready, let LoanCare know right away that you’re paying off the mortgage in full.
Make Your Final Payment
To submit your final payment and pay off your mortgage, you have a few options:
-
Mail a certified check for the full payoff amount to LoanCare’s payment processing center. Include your loan number to ensure proper application.
-
Pay online through your LoanCare account using a checking or savings account. There may be a small fee for electronic payments.
-
Wire the funds from your bank account directly to LoanCare. Provide wiring instructions and your loan number to your bank.
-
Drop off a certified check in person at one of LoanCare’s branch locations. Call ahead to check branch hours and availability.
Once your final payment has been received and processed, LoanCare will send you lien release paperwork within 30 days indicating your mortgage has been satisfied and paid in full. Congratulations, you now own your home free and clear!
How To Contact For My LoanCare
To contact LoanCare or access information about your loan, there are a few easy ways to get in touch.
Phone
You can call LoanCare’s customer service center at 1-800-274-6600. Representatives are available Monday through Friday, 8 am to 9 pm ET and Saturday, 9 am to 3 pm ET. Be prepared to provide information like your name, address, and loan number to verify your identity. The phone agents can answer questions about your account, accept payments, provide payoff quotes and loan information.
Online Account Access
For self-service options 24 hours a day, you can log into your online LoanCare account. Here you can view details like your current loan balance, interest rate, payment history and due dates. You can also pay your bill, set up automatic payments, get payoff quotes, and download statements. To access your account, go to myloancare.com and click “Login”. Enter your username and password. If it’s your first time logging in, use your Loan Number as your username and the last four digits of your Social Security Number as your password. You’ll then be prompted to set up a unique username and password.
Payments
You have a few ways to pay your LoanCare bill. You can pay by phone, mail in a check, set up automatic payments from your bank account, or pay online through your LoanCare account. Mailed payments should be sent to: LoanCare, Attn: Payment Processing, 3637 Sentara Way, Virginia Beach, VA 23452. Please allow up to 7 business days for mailed payments to process.
Written Correspondence
If you prefer to communicate in writing, you can mail letters to: LoanCare, LLC, Attn: Customer Service, 3637 Sentara Way, Virginia Beach, VA 23452. Be sure to include your name, property address, loan number, and details about your inquiry or request. Allow 7-10 business days for a response.
Between the online account access, helpful phone support, and written correspondence, LoanCare offers several convenient ways to manage your account and get the information you need. Let me know if you have any other questions!
Frequently Asked Questions About LoanCare – Answered
Once you take out a mortgage loan with LoanCare, you’ll want to register for an online account to easily pay your bill, check your balance, download statements and more. Here are some commonly asked questions about accessing your LoanCare account.
How do I sign up for a LoanCare online account?
Registering for an account on LoanCare’s website is simple. You’ll need your LoanCare account number, the last four digits of your Social Security number, and your property address. Go to loancare.com, click ‘Register’ at the top of the page and enter the requested info. This will allow you to create a username and password to login whenever you need.
What can I do in my LoanCare account?
Your online account gives you 24/7 access to manage your mortgage. You can:
-
View your current loan balance and payment details
-
Make one-time or recurring payments via bank transfer or debit/credit card
-
Download monthly billing statements and tax documents
-
Update your personal information like phone number or email address
-
Check when your next payment is due so you never miss a bill again!
How do I make a payment on my LoanCare account?
Making a payment through your online account is very convenient. Simply login, click ‘Make a Payment’ and enter your payment amount and method. You can pay via:
-
Bank transfer (ACH) from your checking or savings account – free of charge
-
Debit or credit card – there is a small fee for card payments to cover processing costs.
-
Western Union – walk into any Western Union to pay in cash or money order for a small fee.
Your payment will be applied to your loan balance immediately so you can see your remaining principal go down. Staying on top of payments is the key to becoming mortgage-free!
Still have questions?
Don’t hesitate to contact LoanCare’s customer service. They can be reached by phone, email or live chat on their website and are happy to help you anytime. Managing your mortgage has never been easier!
Conclusion
So there you have it, a quick guide to accessing your LoanCare account and getting the details on your loan balance and payoff amount. Now you’re equipped with the knowledge and tools to log in, check on your account details, make payments, and even request payoff quotes whenever needed.
While it can feel daunting to owe money on a mortgage or other loan, LoanCare provides an easy to use website and mobile app so you’re always in the know about your account. Staying on top of your payments and loan balance will give you peace of mind that you’re making progress paying down your debt. Keep up the good work – you’ve got this!