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How does the Newrez Home Equity Loan ... ****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets.If you pay by wire transfer, please use the information below. Bank Name: Citibank N.A Bank Address: 388 Greenwich St. Bank City, State: New York, NY 10013 Bank ABA Routing Number: 021000089 Bank Account Number: 31354717 Credit Account Name: NEWREZ LLC DBA SHELLPOINT MORTGAGE SERVICING CONSOLIDATED DEPOSIT ACCOUNTSave $1,000 on closing costs when you purchase with us. Call (888) 556-9979. Whether you're looking for a new home, refinance your existing property, or get cash from your home's equity, we've got customized loans for your needs. Talk to a loan officer today. Call (833) 927-1295. 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Offer requires 30 business days from Newrez’s receipt of ...Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may …****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...How does the Newrez Home Equity Loan ... ****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. 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A new report shows 228 million Americans were eligible, but not everyone received payments. By clicking "TRY IT", I agree to receive ne...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...Nov 23, 2020 · In many cases, financing closing costs is not an option—which means you’ll need to bring a cashier’s check to the closing table. That means for a $150,000 home, you could expect as much as $40,500 total out-of-pocket costs ($30,000 for 20% down, and $10,500 for closing costs of 7%). So investigating all your options for reducing these ... Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. 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Down payment. $60,000. Loan term. any change in payment amount. ** Funds drafted in excess of your regular payment amount will first be used to satisfy amounts that are past due. If no amounts are past due, excess funds will be posted to reduce your principal balance. Authorization to Begin Automated Payment Option I/We authorize Newrez LLC to debit my/our account each month. ****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...Sep 6, 2022 ... Loan offers a fixed-rate and interest-only payments for the first 10 years. Newrez, a Non-QM lender based in Fort Washington, Pa., is the newest ...May 9, 2023 ... 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Our easy-to-use platform keeps your data safe and secure while you fill out the application. Continue To Loan Application. FAQs ...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...If a home costs $100,000, the down payment is $10,000, and the loan amount is $90,000, before any payments are made towards the loan, the equity is already $10,000. Make Payments on Time The good thing about building home equity is you don’t have to do anything extra (if you don’t want to) to build it – it’s growing with each monthly ...With Newrez Home Equity Loan you can tap into the equity in your home without giving up your current mortgage. You can keep your primary mortgage interest rate when you secure a second mortgage. A cash-out refinance allows you to consolidate all other debt payments into one lower monthly payment. You can …Jul 3, 2023 ... A 3-2-1 buydown is a temporary payment reduction where your payment starts low and increases incrementally for the first three years. In the ...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...Eligibility requirements of an FHA cash-out refinance include: Owner-occupied (property is your primary residence) at least 12 months prior to application date. No late payments in last 12 months. Maximum loan-to-value (LTV) ratio of 80%, or cash-out with as little as 20% equity. Maximum debt-to-income (DTI) ratio to qualify is 43%.Sign in to manage your account, make a payment, and view details on your loan. ... Newrez is here to guide you through the mortgage loan process. Our easy-to-use platform keeps your data safe and secure while you fill out the application. Continue To Loan Application. FAQs ... Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may be subject to reporting for tax purposes. Sign in to manage your account, make a payment, and view details on your loan. ... Newrez is here to guide you through the mortgage loan process. Our easy-to-use platform keeps your data safe and secure while you fill out the application. Continue To Loan Application. FAQs ...Newrez LLC P.O. Box 10826 Greenville, SC 29603-0826. Please don’t forget to attach a voided check when returning the Automatic Payment Enrollment Form. If you have any questions or concerns, please contact us at 866-317-2347. We are available Monday through Friday 8:00AM - 10:00PM and Saturday 8:00AM - 3:00PM EST.The idea of saving only 5% for a down payment, versus 20%, is exciting to most buyers. After all, on a $250,000 home that’s the difference between a $12,500 down payment and a hefty $50,000 one. This lower threshold means you can buy a home much sooner and with a smaller financial impact. However, it’s important to note that there is a ...Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may be subject to …Newrez, formerly known as New Penn Financial, is a residential mortgage company based in Fort Washington, Pennsylvania. Licensed to originate mortgages nationwide, the company offers a number of different loan products. These include both fixed-rate and adjustable-rate mortgages, as well as FHA, VA, USDA, refinancing and investment …Foreclosure. Foreclosures are similar in concept to unpaid rent. In the case of a foreclosure, payments have not been made to the mortgage company financing the property, and now the loan company is preparing to take possession of the property since a payment has been missed. 3. A notice will typically go out after 30 days from a missed payment ...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...On behalf of our lender and investor clients, we accept and process mortgage payments from more than 2.3 million homeowners nationwide. In recent years we’ve grown to become one of America’s “Top 5” non-bank mortgage servicers, with over 2,500 employees based out of offices in South Carolina, Texas, and Arizona. ... NEWREZ LLC DBA ...Hours of operation. Monday - Friday: 8:00AM – 10:00PM Saturday: 8:00AM – 3:00PM. BI-WEEKLY AUTOMATIC PAYMENT OFFER. Dear Borrower(s): Newrez LLC is pleased …Sign In Register. Home. Sign In Register. © 2024 Newrez LLC. Privacy Policy · Terms of Use · Servicing Legal Disclosure · Website Accessibility.Sign In Register. Home. Sign In Register. © 2024 Newrez LLC. Privacy Policy · Terms of Use · Servicing Legal Disclosure · Website Accessibility.Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may be subject to …Helping homeowners and communities is what we do. PHH Mortgage is committed to helping our customers save money, build equity and, most importantly, stay in their homes. PREFER TO PHONE IN YOUR PAYMENT? Make a one-time payment anytime by phone at 1-800-449-8767 - it's quick and easy!Newrez LLC. Welcome home! Whether it's your first home or your third, we are here to guide you through the mortgage loan process. Our easy-to-use platform keeps your data …Newrez LLC "Newrez" Approved Correspondent Clients please note that the mailing address for borrower payments has changed. Please see update below. ... Old Payment Mailing Address New Payment Mailing Address Newrez Shellpoint Mortgage Servicing PO Box 740039 P.O Box 650840 Cincinnati, OH. … Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may be subject to reporting for tax purposes. Save $1,000 on closing costs when you purchase with us. Call (888) 556-9979. Whether you're looking for a new home, refinance your existing property, or get cash from your home's equity, we've got customized loans for your needs. Talk to a loan officer today. Call (833) 927-1295. Introducing Purchase Perks!As of July 2022, over 1,100 customers on the Better Business Bureau (BBB) website have given Newrez a 2.28 out of a 5-star rating scale. Accredited with the BBB since 2009, Newrez has an A+ business rating — but with 638 consumer complaints registered in the past three years. Customer reviews of the company are widely mixed.Newrez payments
Do you have a mortgage loan with Newrez LLC? If yes, you can create your account and access your loan details, payment options, and online tools. Just visit the target url and follow the simple steps to register. It's fast, easy, and secure.The average Newrez salary ranges from approximately $42,428 per year (estimate) for an Account Receivable, Payment Processor to $261,295 per year (estimate) for a Senior Vice President. The average Newrez hourly pay ranges from approximately $20 per hour (estimate) for a Fry Guy to $88 per hour (estimate) for a Senior Mortgage Advisor. Newrez ...Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may …The down payment is one of the biggest hurdles to homeownership. But with a little creativity and planning, you may be able to buy a home with a low- or even no-down-payment mortgage. Here are a few options to consider: Government-backed loans: VA loans and USDA loans require no down payment, while FHA …****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...A lower mortgage rate can boost your home buying power, help you get more house for your money, and reduce your mortgage payments. In 2021, average Newrez mortgage rates for a 30-year fixed loan ...Newrez LLC offers a payment option for any refunds or surpluses to be electronically deposited into your checking or savings account via ACH (Automatic Clearing House), using the same banking information listed above. This can include escrow surpluses and refunds available when your loan is paid off. By checking this box, …****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...Download the Newrez app to: - View a snapshot of your current loan, including account details, recent activity, and payment info. - Check the status from application through funding. - Make a...Sign in to manage your account, make a payment, and view details on your loan. ... Newrez is here to guide you through the mortgage loan process. Our easy-to-use platform keeps your data safe and secure while you fill out the application. Continue To Loan Application. FAQs ...Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may be subject to …****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...Sign In. This is the new login page. You may want to bookmark this page for easy access next time you login.****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...Dec 15, 2022 · Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may be subject to reporting for tax purposes. Here are the approximate components of your credit score: Payment history 35% – negative information such as late payments, bankruptcy, and liens will cause your score to drop. Amount of debt 30% – there are six different metrics that go into the debt category. Length of credit history 15% – a combination of the average age of your ... Home financing made easy. Review your options with Newrez. Looking to purchase or refinance a home? We can help! Simply hit the Get Started button, or call to review your options with a licensed loan advisor. Get Started Online 833-821-8927. monthly payment. Loan Term Icon. Shorten your loan term. Hand and House Icon. Explore your cash out refinance options. Experience the Newrez difference. Call ...That’s one extra monthly payment a year. In addition, if you use an accelerated biweekly payment plan, you can remove almost 5 years off a 30-year mortgage. The accelerated amount is slightly higher than half of the monthly payment. For instance, if your monthly payment is $1193.54, it’s biweekly counterpart is $550.86.monthly payment. Loan Term Icon. Shorten your loan term. Hand and House Icon. Explore your cash out refinance options. Experience the Newrez difference. Call ...The median new mortgage payment rose about 1% last month, a sign that affordability is getting even worse. Jump to Home affordability got even worse last month, with the average pa...Home financing made easy. Review your options with Newrez. Looking to purchase or refinance a home? We can help! Simply hit the Get Started button, or call to review your … Looking to start or continue a loan application? Newrez is here to guide you through the mortgage loan process. Our easy-to-use platform keeps your data safe and secure while you fill out the application. Continue To Loan Application. Foreclosure. Foreclosures are similar in concept to unpaid rent. In the case of a foreclosure, payments have not been made to the mortgage company financing the property, and now the loan company is preparing to take possession of the property since a payment has been missed. 3. A notice will typically go out …©2024 Newrez LLC, 601 Office Center Drive, Suite 100, Fort Washington, PA 19034. 1-888-673-5521. NMLS #3013 (www.nmlsconsumeraccess.org). ... Available only through the Newrez Direct to Consumer Channel. Payment may be subject to reporting for tax purposes. Please contact Newrez for additional details. ^Offer is …Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may be subject to reporting for tax …Oct 5, 2023 · With Newrez Home Equity Loan you can tap into the equity in your home without giving up your current mortgage. You can keep your primary mortgage interest rate when you secure a second mortgage. A cash-out refinance allows you to consolidate all other debt payments into one lower monthly payment. You can access equity and customize your loan ... ****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase …****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...Apr 27, 2021 · NewRez (formerly New Penn Financial) is your direct-to-consumer mortgage lender in Fort Washington, PA. Read on, to learn how to make your NewRez mortgage payment online, in just a few steps – whether it is for your home purchase loan, refinance loan, as well as construction loans, including primary homes, vacation homes, and investment properties. Sign In. This is the new login page. You may want to bookmark this page for easy access next time you login. Eligibility requirements of an FHA cash-out refinance include: Owner-occupied (property is your primary residence) at least 12 months prior to application date. No late payments in last 12 months. Maximum loan-to-value (LTV) ratio of 80%, or cash-out with as little as 20% equity. Maximum debt-to-income (DTI) ratio to qualify is 43%.If you run your own business you know how much one can rely on a payment processor. A good online payment system is the backbone of your business. Without it, you won’t be able to ...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...monthly payment. Shorten your loan term. Explore your cash out refinance options. Experience the Newrez difference. Call today to speak with a licensed loan advisor or get started online. Get Started Online 833-821-8927. ... Newrez LLC is the lending affiliate of New Residential Mortgage LLC, the company that may own the right to …Newrez LLC P.O. Box 10826 Greenville, SC 29603-0826. Please don’t forget to attach a voided check when returning the Automatic Payment Enrollment Form. If you have any questions or concerns, please contact us at 866-317-2347. We are available Monday through Friday 8:00AM - 10:00PM and Saturday 8:00AM - 3:00PM EST.****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ...****Newrez agrees to pay the borrower the amount of the earnest money deposit (up to $5,000) following the home loan closing, if the loan does not close on or before the contract closing date due to a delay caused by Newrez. Void if there are any material changes to income or assets. Offer requires 30 business days from Newrez’s receipt of ... Manage your mortgage account online with Newrez. Access your dashboard to view your loan details, payment history, escrow information, and more. You can also make payments, request assistance, and go paperless. Register or sign in to get started. Aug 19, 2023 · August 19, 2023. A step-by-step guide to using your Newrez online account. An online account is a great tool for convenient bill payments, easy access to e-Statements and important documents, and so much more! If you’re currently using your online account or ready to sign up for one, here is everything you need to know: Jul 3, 2023 ... A 3-2-1 buydown is a temporary payment reduction where your payment starts low and increases incrementally for the first three years. In the ...Oct 13, 2022 ... Are you sure that NewRez Mortgage is able to download information into Quicken? In any case the ability to download mortgage loan payments ...Hours of operation. Monday - Friday: 8:00AM – 10:00PM Saturday: 8:00AM – 3:00PM. BI-WEEKLY AUTOMATIC PAYMENT OFFER. Dear Borrower(s): Newrez LLC is pleased …Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may be subject to …Making payments online can be a daunting task, especially when it comes to security. With the rise of cybercrime, it’s important to make sure that your payment information is secur... Save $1,000 on closing costs when you purchase with us. Call (888) 556-9979. Whether you're looking for a new home, refinance your existing property, or get cash from your home's equity, we've got customized loans for your needs. Talk to a loan officer today. Call (833) 927-1295. Introducing Purchase Perks! Call (888) 556-9979. Whether you're looking for a new home, refinance your existing property, or get cash from your home's equity, we've got customized loans for your needs. Talk to a loan officer today. Call (833) 927-1295. Introducing Purchase Perks! Save $1,000 on closing costs when you purchase with us. Newrez, formerly known as New Penn Financial, is a residential mortgage company based in Fort Washington, Pennsylvania. Licensed to originate mortgages nationwide, the company offers a number of different loan products. These include both fixed-rate and adjustable-rate mortgages, as well as FHA, VA, USDA, refinancing and investment …monthly payment. Shorten your loan term. Explore your cash out refinance options. Experience the Newrez difference. Call today to speak with a licensed loan advisor or get started online. Get Started Online 855-388-8871. ... Newrez LLC is the lending affiliate of New Residential Mortgage LLC, the company that may own the right to service your ...Nov 24, 2023 ... Associated with those legitimate looking emails is either what appears to be a job offer or a pending payment of an offer you are supposed to ...If a home costs $100,000, the down payment is $10,000, and the loan amount is $90,000, before any payments are made towards the loan, the equity is already $10,000. Make Payments on Time The good thing about building home equity is you don’t have to do anything extra (if you don’t want to) to build it – it’s growing with each monthly ...monthly payment. Shorten your loan term. Explore your cash out refinance options. Experience the Newrez difference. Call today to speak with a licensed loan advisor or get started online. Get Started Online 855-388-8871. ... Newrez LLC is the lending affiliate of New Residential Mortgage LLC, the company that may own the right to service your ...Mortgage Payment Calculator. Estimate your monthly mortgage payment based on loan amount, interest rate, and other important factors. VIEW. Refinance Calculator. See how …A “P&I” payment for a mortgage is a “principal and interest” payment, which is usually made monthly over the term of the loan, according to Quicken Loans. An example of a principal... Click on Payments and click on One Time Payment. Phone. You can also pay using our automated phone system. Or if necessary, you can speak with a live Customer Care representative. Either way, call us toll-free at 866-317-2347. Check or money order. We don’t accept cash payments, but you can pay by check or money order. Mortgage Calculator. Estimate your monthly mortgage payment based on loan amount, interest rate, and other important factors. Use the assumptions section to factor in taxes, insurance, and PMI. Loan Information. Home price. $300,000. Down payment. $60,000. Loan term.Not available for all loan products. Please contact Newrez for additional details. ****Newrez agrees to pay the borrower the amount of the earnest money deposit ...Sign in to manage your account, make a payment, and view details on your loan. ... Newrez is here to guide you through the mortgage loan process. Our easy-to-use platform keeps your data safe and secure while you fill out the application. Continue To Loan Application. FAQs ...iPhone. Easily manage your mortgage online with the Newrez app. View account details, choose payment options, access important documents, and more! Download the … Save $1,000 on closing costs when you purchase with us. Call (888) 556-9979. Whether you're looking for a new home, refinance your existing property, or get cash from your home's equity, we've got customized loans for your needs. Talk to a loan officer today. Call (833) 927-1295. Introducing Purchase Perks! LoanCare - Home Sign In. This is the new login page. You may want to bookmark this page for easy access next time you login. The idea of saving only 5% for a down payment, versus 20%, is exciting to most buyers. After all, on a $250,000 home that’s the difference between a $12,500 down payment and a hefty $50,000 one. This lower threshold means you can buy a home much sooner and with a smaller financial impact. However, it’s important to note that there is a ...Feb 24, 2022 · Offer requires 30 business days from Newrez’s receipt of purchase contract to closing date. Other requirements include: minimum 700 credit score, owner occupied purchase transaction. LTV and property type restrictions may apply. Available only through the Newrez Direct to Consumer Channel. Payment may be subject to reporting for tax purposes. 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