Mortgage Payoff Statement With Extra Payment Calculator In Contra Costa
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FAQ
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, you may have to sign in to an online account, call a helpline, or send a formal letter to start the request process.
Once the settlement date has been decided, we calculate your settlement figure by taking the current capital element of the balance outstanding, adding the interest due up to the agreed settlement date, plus one month's additional interest (as outlined above).
2% of your repayment. Let's say you're paying on a weekly or monthly basis. Let's say monthly basis you're paying roughly $2000. If you add extra 2% under $2000, that 2% extra can save you 14 to 15 years on interest.
The best way to get the accurate payoff amount is to contact your lender.
Two popular options include: Call – Your mortgage company can give you your mortgage balance over the phone. Simply call and ask. Go online – Your mortgage company website will probably show your mortgage balance.
