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Monday, December 24, 2012

Sovereign Bank Mortgage, Sovereign Mortgage Rates


The Sovereign of New York should note that they will have to pay 0.25 point additionally towards New York Real Estate Tax. Use Sovereign Bank Calculator and other tools and resources available online to get an estimate of how much you can afford and what types of loans are suitable for you. You can also use an appropriate calculator to decide whether buying is better than renting or a refinance loan can really help you out.

Sovereign Bank Mortgage Payment


You have flexibility to choose anyone among the four mortgage payment options that the bank offers to its customers. These are being mentioned here.

  • Electronic Payment: You can use this service to allow automatic transfer of funds from a checking or saving account to your mortgage account each month on the due date. You can have this service enabled within 15 days of request.
  • Online Banking: The Free Bill Pay Service of the bank allows you to pay through the online payment center provided you have a deposit account with Sovereign Bank. With this service enabled, you simply need to log in to online banking and click over the tab ‘Pay Bills’.
  • Pay by Phone: Call 800-232-5200 to pay mortgages by phone. Remember this is not a free service but a paid one.
  • Pay by Mail: Use the following address to send your payments via ordinary mail: Sovereign Bank, P.O. Box 12649, Reading, PA 19612-2649

To request for a payoff quote, you can either call the customer service department at 1-800-232-5200 or fax a written request with your signatures to 1-888-433-8779. You can also send your request to the payoff department via mail.


Sovereign Bank
Mortgage Payoff Team
Mail Code: 10-421-CN2
450 Penn Street
Reading, PA 19602

Sovereign Bank Mortgage Modification


Sovereign Bank does not want you to lose your home because it may lead to expensive foreclosures. Thus a number of home assistance programs have been put in place by the bank at the behest of the federal government. The Home Affordable Modification and the Home Affordable Refinance Programs under the Making Home Affordable Program are foremost among all options available for the assistance.


Besides, the bank offers alternatives like Repayment plans, loan modification, short sale or pre-foreclosure sale, deed-in-lieu of foreclosure, forbearance plan and loan assumption to assist homeowners at various stages of delinquency. You may call Sovereign Bank Loss Mitigation Department at 1-888-656-8101 or email at lossmiti@sovereignbank.com to get more details in this regard. The representatives at loss mitigation department will suggest the best program and help you come out of the financial crisis.

Sovereign Bank Mortgage Customer Service Department


New users can call 877.729.4801 to get step-by-step help in applying and obtaining detailed information on mortgage products. Existing customers can contact the loan servicing department at 1-800-232-5200, five days a week from 8 am to 7 pm ET. The department can be reached by email as well at mortserv@sovereignbank.com. For general enquiries use the following mailing address:


Sovereign Bank
P.O. Box 12646
Reading, PA 19612

The bank also has a wholesale lending division offering state-of-the-art solutions for wholesale and corresponding lending. Registered brokers and lenders are provided with login ID and passwords to access rate sheets and other online resources. The headquarters is located at Villanova PA and it also has an office at Clifton Park NY. Here are the contact details:


Phone Number: 866-364-8089
Email: wholecon@sovereignbank.com

Website: www.sovereignbank.com/


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