Mortgage Payoff Statement With Interest In Travis
Description
Form popularity
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.
Lenders multiply your outstanding balance by your annual interest rate but divide by 12 because you're making monthly payments. So if you owe $300,000 on your mortgage and your rate is 4%, you'll initially owe $1,000 in interest per month ($300,000 x 0.04 ÷ 12).
Request your mortgage payoff statement when planning to prepay your mortgage, refinance, or consolidate debt.
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.
The Call 24 PIN is the 4 digit PIN # used when calling the PowerLine (automated phone access). When the account is opened, the Call 24 PIN is the last four digits of the primary member's social security number.
(707) 449-4000 or (800) 449-4110 for more information on how to build your credit.
Travis Credit Union was founded in 1951 by military and civilian workers at Travis Air Force Base in Fairfield, CA. We're part of a movement that began back in the 1930s and we're proud to help make a financial difference in the lives of our members.
Call the Member Service Center at (800) 877-8328 with any questions. Note: Neither branch staff nor security are authorized to accept service of process.
TRAVIS CREDIT UNION Routing Number CA - 321170839 Routing Number321170839 Bank TRAVIS CREDIT UNION ACH Transfer Yes Wire Transfer Yes
