This form is a sample letter in Word format covering the subject matter of the title of the form.
Mortgage Payoff Form With Two Points In Middlesex
State:
Multi-State
County:
Middlesex
Control #:
US-0019LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Middlesex Bancorp MHC Middlesex Savings Bank / Parent organization
About Middlesex Savings Bank Middlesex Savings Bank has an average rating of 3 from 43 reviews. The rating indicates that most customers are generally dissatisfied. The official website is middlesexbank. Middlesex Savings Bank is popular for Financial Services, Banks & Credit Unions.
Freedom Platinum Certificates of Deposit and Fixed Rate Retirement Certificates of Deposit Fixed-Term CertificatesOther Term Certificates Opened Before April 1, 2025APY 18 Month 3.90% 24 Month Certificates more than 24 and less than 36 Months 3.90% 36 Month Certificates more than 36 and less than 48 Months 3.60%5 more rows
Terms of less than 12 months come with a penalty equal to three months' interest on the amount that you withdraw. Terms of 12 months or more have a penalty equal to six months' interest on the amount you withdraw. Keep in mind that withdrawing from a retirement account may result in additional penalties.
So, if it's a short-term CD with a small deposit, the penalty could be negligible. However, that doesn't mean an early withdrawal is always a good idea. Usually, you'll end up forfeiting some of the interest you've accrued. And in some cases, you could also lose part of your initial deposit.
More info
Points are considered a form of interest. Each point is equal to one percent of the loan amount.A mortgage payoff letter can come in two forms. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan. A payoff request can be created and mailed for free. How long does it take to obtain a payoff? We can provide you with samples of court forms that are available. We can provide you with guidance on how to fill out forms. Home loan terms explained so you have a better understanding of the mortgage process. A list of mortgage terms and their definitions for your reference.