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Get Salem Five Payoff Request
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How to fill out the Salem Five Payoff Request online
Filling out the Salem Five Payoff Request online is a straightforward process that ensures your request for a payoff statement is properly submitted. This guide provides a detailed, step-by-step approach to assist you in completing the required fields accurately.
Follow the steps to successfully complete your payoff request.
- Click ‘Get Form’ button to obtain the form and open it in the online editor.
- Fill out the ‘To’ field with 'Salem Five – Payoff Request Line'. This identifies where your request is directed.
- Provide your contact details in the 'From' section, including your fax and telephone number. Accurate information here ensures that you can be easily contacted if needed.
- Specify whether this is a new request or a revision request by checking the appropriate box.
- Enter the original date using the format mm/dd/yyyy. This helps indicate when the request was initially made.
- Select the purpose of your request by checking one of the boxes: ‘Salem Five to Salem Five Refinance,’ ‘Refinance Elsewhere,’ ‘Sale of Property,’ or ‘Other,’ providing relevant lender names if applicable.
- Complete the requestor's information, including name, law firm or settlement agent, and telephone number.
- Decide how you wish to receive the payoff statement by checking either ‘Send by Mail’ or ‘Send by Fax.’ If mailing, provide the specific mailing address.
- Fill in the borrower’s information, including their name, property address, their city, state, zip code, account number, and requested payoff date. Note that the payoff date cannot exceed 30 days in the future.
- Review the statement of confidentiality as it explains the importance of protecting the information submitted.
- Complete the borrower authorization section: If you are the borrower, fill out section 1; if you are authorizing someone else, use section 2.
- Once all fields are completed and checked for accuracy, users can save changes, download, print, or share the form as required.
Submit your Salem Five Payoff Request online today for a prompt payoff statement.
You can calculate a mortgage payoff amount using a formula. Work out the daily interest rate by multiplying the loan balance by the interest rate, then dividing that by 365. This figure, multiplied by the days until payoff, plus the loan balance, gives you your mortgage payoff amount.
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