Mortgage Payoff Statement With Extra Payment Calculator In Pima
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FAQ
Basically, your balance is what you currently owe, and your payoff is what you owe plus interest that accrues from the statement date and a specific payoff date.
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).
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.
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.
The best way to get the accurate payoff amount is to contact your lender.
