If you wish to update your banking information or if you are entering new bank information for the first time, you will click on “Your Loan Center”, “Automatic Payment Program” and select “From Your Bank Account”. You will need to cancel the existing payment plan by clicking on “Cancel Automatic Payment Plan” and enroll using your new banking information. If you wish to update your credit card information, click on “Automatic Payment Program” and select “From Your Credit Card” and update fields accordingly.
Advisory! If you signed up to participate in the Automatic Payment Plan at the time you purchased your ownership and signed an Interest Rate Adjustment Rider to the Note, your interest rate will increase if you cancel your participation in the program