M&T Bank : Mortgage & Home Equity Repayment
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Mortgage and Home Equity Repayment Solutions

Below are Mortgage and Home Equity Repayment Solutions that we offer:

MORTGAGE REPAYMENT SOLUTIONS
SOLUTIONS HOW IT WORKS BENEFITS NEED HELP?
Repayment Plan

Distribute your delinquent payments over a period of time

Add the monthly amount to your regular monthly mortgage payment

Brings your account up to date within a specified time-frame

You can spread the delinquent payments over a period of time

Contact a Specialist

Mortgages:
1-800-724-1633
Monday-Thursday
9am-9pm ET
Friday 9am-5pm ET
Saturday 8am-12pm ET

The following information will assist us in discussing your options:

  • Account Number
  • Social Security Number
  • Recent Paystub
  • List of monthly expenses and dollar amounts. (ex. utility bills, car payment, credit card payments, etc.)

Payment Assistance Form

Foreclosure Prevention Events

Loan Modification

Add any past-due interest and escrow amounts to the unpaid principal balance

It is then reamoritized over a new term

Immediately brings your account up to date
Partial Claim (for FHA loans only) Department of Housing and Urban Development (HUD) advances a loan to repay the past-due interest and escrow amounts

HUD loan is interest-free

Immediately brings your account up to date

Short Sale

Allows you to sell your home and use the net proceeds to pay off the mortgage if you are unable to maintain payments

Available even if the home's market value is less than the total amount owed

Avoids the lengthy legal process involved in a foreclosure

Generally less damaging to your credit rating than foreclosure

Deed in Lieu of Foreclosure Allows you to transfer your property voluntarily to M&T Bank if you are unable to maintain payments and cannot sell the home at market value Avoids the lengthy legal process involved in a foreclosure
Reverse Mortgage***

Allows senior homeowners, ages  62 and older, to borrow against the equity in their home for anything they need

Seniors can receive a lump sum payment, regular monthly payments or a line of credit for future needs.

No repayment is required until the home is sold or the estate is settled

Income and credit history are not considered

Learn more

***Reverse Mortgage programs available  in  CT, DE, DC, MD, NY, OH, PA, VA and WV. Consult your Social Security, Medicare or other financial advisor to determine how Reverse Mortgage payments may affect your particular situation. Also consult your tax advisor. You must continue to occupy your home as your primary residence, keep it in good repair, with all taxes and insurance premiums up to date. Subject to the terms of your mortgage.

If FannieMae or FreddieMac owns your loan, you may be eligible for programs designed to make your mortgage more affordable. Learn more >
HOME EQUITY REPAYMENT SOLUTIONS
SOLUTIONS HOW IT WORKS BENEFITS NEED HELP?
Reage (for Home Equity Line of Credit Accounts only)

Brings a past due Home Equity account current by reamortizing the loan

You must demonstrate an ongoing ability and willingness to meet regularly scheduled payments

Must pay all past due interest, late fees and other charges

Immediately brings your account up to date

Contact a Specialist

Home Equity Loans:
1-888-526-1580
Monday–Thursday
9am-9pm ET
Friday 9am-5pm ET
Saturday 8am-12pm ET

The following information will assist us in discussing your options:

  • Account Number
  • Social Security Number 
  • Recent Paystub
  • List of monthly expenses and dollar amounts. (ex. utility bills, car payment, credit card payments, etc.)

Payment Assistance Form

Loan Extension (for Home Equity Loan Accounts only)

Brings an installment loan current by moving one or more monthly payments to the end of the loan

Advances the maturity date of your loan by the number of months extended

Allows you to postpone one or more monthly payments and remain current on your loan

*All Repayment Assistance options are not available with all products and there is no guarantee that you will receive Repayment Assistance. You are obligated to make all future payments as they come due even while M&T Bank is evaluating a request for Repayment Assistance. Additionally, M&T Bank will continue normal servicing of your loan up to and including referral to foreclosure and repossession during the time it is reviewing your request for Repayment Assistance. Credit reporting will continue, and, if applicable, your loan will be reported as delinquent, until your loan is brought fully current. It is also important to note that the request for Repayment Assistance does not waive any remedies available to M&T under the terms of your loan documents. You may be required to pay additional fees/and or costs depending on the type of loan and solution you qualify for.

 
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