George Duarte, Author at George L. Duarte

Bold Wallpaper Makes A Statement In 2019 From a sophisticated couch to a stunning art print, there are plenty of ways that you can dress up your living room and instantly change its vibe. You may not realize it, but wallpaper is back in fashion and becoming another popular way to instantly revamp a room.

If you’re contemplating ways that wallpaper can benefit your space, here are some options you may want to try out.

Add An Accent

A brightly colored accent wall may still be a popular trend, but a way to bring your wall into current fashion can be to add wallpaper. In addition to a fun print, wallpaper can instantly add elegance without overpowering the look of your living room.

Cover The Closet Doors

If you’ve come across a wallpaper pattern you like, try applying it to the front of the closet doors. It will be an easy way to dress up your doors without adding a coat of paint and will add a subtle effect that will go with your room’s decor.

Add In Some Personality

With wallpaper making a comeback, there are so many options that allow you to personalize your wallpaper and make the room your own. Posters of your favorite rock band may be a thing of the past, but unique wallpaper can be a great way to inject your own passions into your favorite room.

Make It Your Wall Art

Many homeowners struggle with how to dress up their walls appropriately, but choosing wallpaper can be a great means of avoiding this dilemma. Instead of an art piece, you can choose strips of wallpaper to provide visual interest or paper a whole wall that will act as the focal point of your room.

Upgrade Your Coffee Table

It’s often the case that people buy oversized books to decorate their coffee table, but you may want to utilize wallpaper if you have a glass surface on your table. Instead of leaving your table neutral, add a patch of wallpaper under the glass for an instant designer look.

With wallpaper making a comeback, there are plenty of ways to dress up your room for little cost that will make a huge difference in the look of your space.

If you are interested in buying a new home or refinancing your current property, be sure to contact your trusted home mortgage professional to discuss current financing options.

Loan Servicing Companies What happens when you suddenly get a notice to pay your mortgage to a company you may have never heard of? How do you determine if this is a legitimate request or a scam?

A borrower may get a written notice or an email that their mortgage sold to another entity or that a new loan servicing company will now be collecting the mortgage payments. The borrower needs to exercise extreme caution before just sending in a payment to the new company. It is prudent to double check to see if the communication is legitimate because many people get scammed by this type of notice.

Borrowers must receive a letter in the mail from the original lender notifying them of the change before getting any communication from a new company. If there was not a letter from the original lender, it is probably a scam.

How To Verify A Legitimate Request With The Original Lender

It is important to be 100% certain that communications are with the lender. DO NOT respond to any notice received by email by clicking on any link in the email, even if the email looks legitimate.

Fraudsters on the Internet use a technique called “phishing” to trick people into thinking they are getting a request from a legitimate company when the email comes from a criminal. These emails are very convincing. They look exactly like the real company; however, they are fake.

Borrowers who want to communicate with their lender online, should type in their lender’s website address and make contact through the company’s official website.

Better yet, call the customer service number listed on the company’s official website and talk directly to a customer service person to verify that the request is legitimate. They will ask you for identification information and then be able to tell you your loan status.

What Is Loan Servicing? Can A Lender Sell My Loan?

Companies may choose to have the collection of the loan payment done by a third-party vendor. Usually, in any loan, there is a provision that allows the lender to sell it to another party or to change loan servicing companies. These legal rights are normally in the part of the loan document called the “Mortgage Servicing Disclosure.”

This legal right is usually held only by the lender and the borrower has no option but to comply with a legitimate request. Since almost all lenders sell off their loans to other companies or investors, so that they can get more money to loan out, the chance of a new mortgage loan selling is extremely high.

Troubles With Loan Servicing

Many make a smooth transition from one loan servicing provider to a new one by simply following the instructions. Others have troubles. Besides actual fraud by fake companies, there may be problems with real companies if the information in the records is not accurate. The date of a loan transfer may cause an overpayment or a late payment.

Any time there is confusion with regard to a mortgage loan servicing transfer, it is best to be proactive and stay in touch with the original lender for guidance in connecting with the new loan servicer.

Conclusion

Lenders sell their loans all the time. Loan servicing companies change frequently as well. These can be a simple legitimate transfer of the business process from one company to another. However, this is an area that is ripe for scammers to trick people and for bad companies to take advantage of their customers through loan servicing fraud techniques. Be aware of this problem and take care to avoid any negative consequences of loan servicing fraud.

If you have any questions or concerns about your home financing, be sure to contact your trusted home mortgage professional.

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