BSI Mortgage Payment Options

BSI Mortgage Payment

Updated - 2022.03.02

The BSI Mortgage gives a wide range of payment options, including conventional and government-insured loans. These loans are available in amounts up to $417,000.00 and up to 35 years for most loan types. 

The BSI financial mortgage payment allows you to choose your monthly mortgage payment option based on your unique financial situation. Whether you want to pay off your loan a little quicker than usual or want to break up your payments into multiple monthly installments, we can ensure your mortgage gets completely customized to your needs.

These 3 free online calculators can help you to find out how much your monthly payment on BSI Mortgage will be:

Create an Online Account to Make Your BSI Mortgage Payment

BSI Mortgage Payment

Having an online account is a very convenient way to settle your BSI mortgage payments. Through the online platform, you will also get the chance to manage your account with much flexibility. Creating the BSI online account to submit your BSI financial services mortgage payment is quite direct.

Follow the steps below to create your online account:

  • Go to the account page.
  • Click the Create Your Account button on the page.
  • Select the way you prefer to Verify your Account. You can either use your Loan Number or SSN/EIN.
  • Enter your Loan Number
  • The Last Four Digits of Your SSN/EIN
  • Insert your Property ZIP Code
  • Enter the Captcha given. You can alternatively read it aloud.
  • Click the Sign-Up button
  • Follow through with the subsequent steps given.

Log into Your Account to Make BSI Mortgage Payment

BSI Mortgage Payment

Once you have an active online account, you can efficiently perform your online transactions, including making your BSI mortgage payment. You only need to log into your account by following the guidelines below:

  • Go to the account page
  • Click on the Sign In button at the far right of the screen
  • Enter your Email Address
  • Insert your Password
  • Click the Sign In button.
  • Go to the Make Payment section
  • Select the payment you are making, whether one-time or recurring.
  • Enter your Account Details
  • Click the Submit button.

Other BSI Mortgage Payment Options

BSI understands that their client’s needs will vary from time to time. As a result, they offer their customers other BSI mortgage payment options to ensure that they cater to the needs of everyone at every given time.

Payment by Mail

You can send your payment by mail to the following address:

BSI Financial Services

P.O BOX 679002

Dallas, TX 75267-9002

For overnight payments, send your mail to:

BSI Financial Services

Lockbox Number 679002

1200 E Campbell RD, STE 108

Richardson, TX 75081

Payment by Phone

You can use the Pay-by-Phone alternative to make your BSI mortgage payments over the telephone. Kindly call 800-327-7861. Note that you might incur a service fee by using this payment option.

Payment Through Western Union

You can use this payment option at any Western Union branch near you. If you don’t know their locations, you can call 800-325-6000 to locate an office near you.

To remit your payment, use the following information: 

Your Loan number

City Code: BSI

State: PA

BSI Mortgage Payment Questions and Answers

Although I submitted my payment on time, it has not been deposited into my account or cleared through my bank. What can I do in this situation?

If it has been more than two weeks after you submitted the payment, BSI Financial Services recommends that you contact your bank to have the check placed on hold for your protection. BSI Financial Services will require you to re-submit your payment to complete the transaction. 

If you choose a stop payment on the check, please keep in mind that BSI Financial Services will not be liable for any stop payment fees applied by your bank and that the bank may impose a returned check charge to your account if the check is returned unpaid. The Payment Options page on this website also lists available payment methods.

Is it possible to mail a check with a future date?

BSI financial services do not take post-dated checks. They automatically process all checks upon receipt. Hence, they do not store any check for later than the day they received it. BSI will deposit the payment immediately without regard to future date considerations.

Is it possible to submit a post-dated online or phone payment?

Yes, you can schedule payments for a time up to 10 days ahead by scheduling them on the Payment Options menu of this website, by calling the automated phone service, or by speaking with a representative on the phone.

Is there a time frame for posting my money after you receive it?

Payables with proper labels with your loan number and shipped to the address listed on your statement will process to your account within 24 hours of receipt if they are delivered on any ordinary business day, Monday to Friday. Weekend and holiday payments will get credited to your account on the following regular workday.

When will I be subjected to a late payment penalty?

The terms of your home loan documentation determine the late payments set. You incur a late penalty when your bill does not arrive at the BSI financial services office within the “grace period” indicated in your home loan documents. The day they receive a payment determines whether or not your payment is late and whether or not a fee gets assessed. This date is not the same as the mailing date, the date on the check, or the postal date.

What to Do if I Made a Late BSI Mortgage Payment

It’s a good idea to avoid a late BSI mortgage payment at all costs, but mistakes sometimes happen. While you don’t want to be too hard on yourself if this happens, you need to consider possible consequences. Case in point: you could see your credit score take a hit if you don’t make payments on schedule. Also keep in mind that late mortgage payments may remain on your credit report for as many as seven years, which would adversely impact your credit score. What follows is a look at 3 proven strategies you can use to have late mortgage payment information scrubbed from your credit report.

Option #1: Contact BSI Mortgage and Make Request

Reach out to BSI mortgage by phone right away, and acknowledge that your payment was submitted past the deadline. It’s important to admit you were in error. Let them know when they can expect payment. They may be willing to delete your late payment data so that your creditworthiness doesn’t suffer.

Option #2: Write Them a Letter

The next option at your disposal is to write a letter, known as a goodwill letter, to BSI Mortgage. In the letter, you’ll want to specifically and respectfully request a removal. Do these 2 things in the letter:

  1. Demonstrate that you accept that the situation was caused by you.
  2. Guarantee that there will be no repeat of the delinquent behavior going forward.

What follows is a sample letter template you can use as inspiration:

[Your first and last name] [your address] [your account number]

[date]

To Whom It May Concern:

I appreciate your taking the time to read my letter. The reason for this correspondence is that I found on my latest credit report a late payment listed on [date] for my [name of account] account. I’m aware of the importance of making timely payments and meeting my financial commitments. But due to [situation that led to the missed payment], I unintentionally missed the payment due date. Although I missed the deadline, I have since then taken measures to ensure this does not happen again. Specifically, I’ve [explain what has changed that will prevent any additional late payments]. Since my missed payment, I have had a flawless record of making payments on time.

One reason I’m making this request is that my intention is to apply for a [loan, credit card, etc], and I’ve come to understand that the missed payment reflected on my credit report could jeopardize my objective. Given the fact that my single late payment does not adequately reflect my creditworthiness and intention to abide by my financial obligations, I would be grateful if you would make a goodwill adjustment. This would delete my late payment on [date] and enable me to obtain a [loan, credit card, etc.) and to secure a better rate.

I appreciate your considering this matter, and I hope you will grant my request.

Best regards,

[your name]

Option #3: Make Them an Offer

Another option is to contact BSI Mortgage and make them an offer they can’t refuse. Lenders prefer to have people opt for automatic payments – so that payments are made on time, all the time. If you’re willing to sign up, the lender might be persuaded to scrub the late payment from your credit report as a goodwill gesture. BSI Mortgage may, if you do not wish to sign on for automatic payments, recommend another way for you to potentially get your late payment erased from your credit report.

How to Avoid Late BSI Mortgage Payments

When you do get approved for a BSI Mortgage loan, you’ll want to avoid any late payments. Here are a few tips that will help you steer clear of making untimely payments.

Tip #1: Sign Up for Auto-Pay

Your first order of business is to set up an automatic payment option, and you can do this either through your bank or through your lender. You’ll want to go with the most ideal option for you.

Auto-Pay - the Pros:

  1. You can avoid late payments and any resulting late fees. This will, in turn, ensure a healthy credit score.
  2. You can do your part to protect the environment with paperless billing.
  3. You won’t have to deal with any expenses relating to postage as you won’t need an envelope or a stamp, and you won’t have to fill out a check since auto-pay is done via electronic funds transfer.
  4. You will save time since auto-pay is convenient. No more will you have to take the time to sit down, write up a check, write your address and the address of the mortgage lender on the envelope, put on a stamp, and put the envelope in the mail. With auto-pay, you can automate the entire process of paying bills.

Auto-Pay - the Negatives:

  1. You could, if you’re not monitoring the inflows and outflows of money in your bank account, overdraw your account. In order to avoid any problems, just keep track of how much you have in your account at all times.
  2. You could potentially overlook things like errors, interest rate hikes, or other hidden fees. This can be avoided by simply making it a habit to go over your bill.
  3. You could fail to stay on top of things such as the amount owing or the amount you’re paying monthly. As has been mentioned, you can steer clear of such problems by checking into your account regularly. This will help you to know when it might be a good idea to made additional payments to reduce the principal quicker.

Tip #2: Sign Up for Alerts and Reminders

Receiving a notification for an upcoming bill payment can make all the difference. You can get this by using an app, by getting your mortgage company to send an alert or reminder by email, or even by using Google calendar. You’ll be able to avoid late payments by doing so

Tip #3: Set Up a Bill Pay Day

Another option is to purposefully schedule a period of the month when you can commit to making bill payments. When you go this route and have a system in place, you will avoid late BSI mortgage payments.

Customer Service

Customer Support: 800-327-7861

Support Help Fax Number: 814.217.1366

BSI Address:

BSI Financial Services
P.O. Box 517
Titusville, PA 16354-0517

BSI Financial Services Email Address: Send Email

Mortgage insurance:

BSI Financial Services

P.O. Box 517

Titusville, PA 16354-0517

Linkedin: www.linkedin.com/company/bsifinancial/ 

Twitter:twitter.com/bsifinancialsrv

 

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