Have You Met Mr. Cooper in Old Lyme, CT?
We're a home loan company in Connecticut that values people over paperwork. As our company has changed and advanced over the years, so has our name. We officially became "Mr. Cooper" in late 2017. You may have previously known us as Nationstar Mortgage in Connecticut. It was more than a simple name change. We overhauled our business to serve you better. For one, we got rid of all online transaction fees. We also enhanced the customer journey and increased our services so you get quality support whether you are buying, shopping, or just living in your home. We are here to serve you, both then and now.
Why Choose Mr. Cooper Mortgages in Old Lyme, CT?
Let's make your home ownership dreams a reality. As one of the nation's largest home loan servicers, Mr. Cooper is ready to support you throughout your journey to home ownership. Mr. Cooper in Old Lyme can be your home loan ally, whether you're searching for a conventional home loan, a Federal Housing Administration loan (FHA), or a VA loan. You can do so much with Mr. Cooper in Old Lyme — including learn more about mortgage rates, credit scores, and budgeting.
We know that getting a mortgage can be complicated, and even more so when you're a first-time home buyer in Old Lyme, CT. Give us a call to see how it applies to you. Until then, here's what you need to know to get started.
Conventional loans are a popular choice for Old Lyme home buyers and are actually one of the most common mortgage options. The federal government does not insure these loans. The government backs other home loan types, while private lenders like Mr. Cooper back conventional loans. Some benefits of a conventional loan may include numerous term lengths and agreeable interest rates.
Depending on your situation, you may want to consider another type of home loan that's available to many Old Lyme home buyers. It's called FHA. FHA loans, or Federal Housing Administration loans, are backed by the government. FHA loans are known for having more flexible credit qualifications and lesser down payments than conventional loans. Ask Mr. Cooper about FHA loan requirements in Old Lyme today.
Only service members, veterans, and their spouses can receive a VA home loan. If you're trying to buy a house in Old Lyme and you're an active-duty service member, a veteran, or a surviving spouse, you may be eligible for a VA loan. At Mr. Cooper, we support our country's veterans, active-duty service members, and their families. It's our privilege to help every one of them become homeowners. Since this loan option is so unique, we invite you to call Mr. Cooper to learn more about qualifying for a VA loan in Old Lyme. Get Started
Refinance Your Home Loan in Old Lyme with Mr. Cooper
Mr. Cooper offers mortgage refinancing in Old Lyme in addition to new home loans. Refinancing a home loan is simply paying off your existing home loan and replacing it with a new one that's a better fit for your financial situation. The new loan may have a shorter loan term, a better interest rate, or both. Most of the time, the objective of refinancing is to secure a lower interest rate and decrease your monthly payment (so you can spend more time and money making your Old Lyme home just the way you want it!).
Similar to how there are different options for new home loans, there are also different options for refinancing. There's refinancing to get a more favorable interest rate or loan term. There's also cash-out refinancing, which allows homeowners who want to leverage equity they have built in their home as cash to pay for home improvements or college tuition.† Cash-out refinancing can also be a way to consolidate debt, since you can tap into your home's equity and use the cash to pay down credit card debt, medical bills, or auto loans.^ Mr. Cooper in Old Lyme can help you learn more about refinancing and choose the right refinance option for your situation.
Buying a House in Old Lyme with Mr. Cooper
Are you ready to buy a house in Old Lyme, CT? Then you'll probably want to get prequalified for a home loan — along with some professional guidance for how to buy a house in Old Lyme. Despite Connecticut's ever-changing real estate market, Mr. Cooper mortgage professionals are always equipped with the latest insights. Mr. Cooper mortgage professionals will help simplify your home-buying experience in a few ways: First, we’ll help you determine how much house you can realistically afford to purchase. Then, we can help you get prequalified to buy a home in Old Lyme. Lastly, Mr. Cooper can help you secure a home loan that meets your financial needs and accelerates your home ownership journey. From open house to closing day, Mr. Cooper is your ally.
Need Help? Contact Mr. Cooper Customer Service in Old Lyme, CT
We're here to walk alongside you in your homeownership journey and remain dedicated to serving you. So feel free to reach out to Mr. Cooper customer service in whatever way is most convenient for you. Sign in to our secure online message portal, email, call, message us on our social media channels, or send us a letter in the mail. Getting in contact with Mr. Cooper can be easy, whether you need to complete a transfer of ownership, make a payment, learn about refinancing, or ask a quick question.
- † A cash‐out refinance increases your mortgage debt and reduces the equity you may have in your home. Your monthly mortgage payments may be higher.
- ^ A debt consolidation refinance increases your mortgage debt, reduces equity, and extends the term on shorter‐term debt and secures such debts with your home. The relative benefits you receive from debt consolidation will vary depending on your individual circumstances. You should consider that a debt consolidation loan may increase the total number of monthly payments and the total amount paid over the term of the loan. To enjoy the benefits of a debt consolidation loan, you should not carry new credit card or high interest rate debt.