Make Your Payments Simple And Convenient.

Midwest offers multiple ways to make your mortgage payment. Pick what best fits your budget – and lifestyle. Here’s some information to help you decide.

Payment Method Features Fees
Automatic Monthly Draft
  • Draft from checking or savings account
  • Choose any day of the month payment is due
  • Add to principal and speed up payoff
  • No Charge to borrower
Automatic Semi-Monthly Drafts  
  • Draft half payments on the 1st and 15th
  • Initial payment will be drafted on the 15th of the month prior to the month your payment is due and the second half on the 1st
  • Both half payments will be credited to your loan on the 1st
  • One-time $75.00 set up charge
  • $2.50 charge assessed per debit
Automatic Biweekly Drafts
  • Draft half of your monthly payment amount every 2 weeks
  • First draft will be made 14 days prior to the month your payment is due; after that drafts will repeat every 14 days
  • 26 half payments will be drafted yearly
  • 2 of those drafts will be applied to your loan as additional principal payments, and can save you thousands of dollars in interest over the full term of the loan
  • One-time $75.00 set up charge
  • $2.50 charge assessed per debit
Internet
  • Click a button to schedule a payment at any time, 24/7
  • Control which day payment should be drafted from checking or savings account
  • You will need loan number, your financial institution’s routing number, checking or savings account number, amount you wish to pay and date you’d like the payment applied
  • No Charge to borrower
By Phone
  • Make payments by calling our friendly customer service line: 800.262.6574
  • You will need loan number, your financial institution’s routing number, checking or savings account number, amount you wish to pay and date you’d like the payment applied
  • $15.00 convenience fee for this option
By Check, Money Order or

Cashier’s Check

  • Pay by mailing a check, money order, or cashier’s check; please do not send cash
  • Remit payment using a convenient monthly statement (paper or electronic)
  • Include full amount (or more) of your regular monthly payment. Partial payments are not accepted
  • Make additional payments to your remaining principal balance if desired (subject to your original loan agreement)
  • Please allow 7-10 days for mail delivery
  • No charge to borrower
In Person
  • Make convenient payments at your lender’s branch office
  • No charge to borrower
  • Please check with your lender to see if this option is available

For more information, please contact Customer Service at 800.262.6574 or send an email to customerservice@midwestloanservices.com