Hey everyone,

So my wife and I just purchased our home, we closed on April 14 and moved in right away. Everything has been great and hectic all at once. We couldn’t be happier.

In the midst of all the chaos of moving and settling in we received a letter from our lender two days ago. It stated that they had sold our loan to another company and while our agreed upon terms of the loan wouldn’t change, we would need to make our payments to them.

Is this normal? Does this happen frequently? We haven’t even made our first mortgage payment yet and now we are a little confused about where to make the payment and how. We’ve received nothing from the new company that owns our loan. I plan to reach out to them tomorrow to see what the deal is.

Has anyone else here experienced this? I’m sure it’s a normal thing that could happen but there’s a part of me that feels like it’s sketchy almost. I don’t know.

Edit I appreciate the responses. It’s reassuring to know that this is standard operating procedure for lenders. My wife and I are young and very new to real estate. Thanks again everyone!