A payoff statement for a mortgage, sometimes referred to as a payoff letter, is a document that details the exact amount of money needed to fully pay off your mortgage l… See more

There are a couple of reasons why a borrower might need a payoff statement. Generally, you request it from your lender when you want to know the exact amount needed to … See more

There’s a process to getting the mortgage payoff statement. First, you’ll need to contact your lender and let them know you want the information. Depending on your lender, yo… See more

Payoff letters aren’t the only way to learn about your current loan balance. You can also talk to your lender and request a verbal payoff quote. However, it doesn’t have the sa… See more