[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Loan Service's Name] [Loan Service's Address] [City, State, ZIP] Re: Request for Payoff Balance of Mortgage Loan Dear [Loan Service's Name], I hope this letter finds you well. I am writing to request the payoff balance of my mortgage loan, issued by [Lender's Name], which is currently being serviced by your company. I am a resident of North Carolina and would appreciate your assistance in providing me with the necessary information. To ensure the accuracy of the requested information, please find the necessary details regarding my mortgage loan below: 1. Loan Account Number: [Loan Account Number] 2. Property Address: [Property Address] 3. Borrower Names: [Your Name], [Co-Borrower's Name (if applicable)] I kindly request the following information to be included in the payoff balance letter: 1. Principal Balance: the remaining amount of the original loan amount that still needs to be repaid. 2. Interest Accrued: any interest charges accrued up until the date of the payoff balance letter. 3. Late Fees and Penalties: any outstanding late fees or penalties applicable to the loan. 4. Escrow Account Balance: if applicable, please specify the balance held in the escrow account for insurance and property taxes. 5. Payoff Amount: the total amount required to satisfy the mortgage loan, including principal, interest, fees, and escrow balance. Moreover, I kindly request that you provide the payoff balance letter through one of the following delivery methods: 1. Secure Email: I authorize the transmission of the payoff balance letter to the provided email address. 2. Postal Mail: Please send the requested letter to my mailing address mentioned above. In addition to the payoff balance letter, I also request any necessary instructions or forms required for the proper remittance of the final payment. This will ensure a smooth transition and prompt satisfaction of the mortgage loan. If there are any fees associated with obtaining the payoff balance letter or any other processes, please let me know in advance. I appreciate your transparency and promptness in this matter. Thank you for your attention to this request. I look forward to receiving the payoff balance letter and any further instructions necessary to complete the mortgage loan payoff process. Should you require additional information, please do not hesitate to contact me at the provided email address or phone number. Sincerely, [Your Name]
North Carolina Sample Letter Requesting Payoff Balance of Mortgage
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How to fill out North Carolina Sample Letter Requesting Payoff Balance Of Mortgage?
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Hear this out loud PauseLenders can also send you a payoff letter after you have finished paying off a loan. This letter serves as confirmation that your loan has been repaid in full, and your account has been closed. It's most often requested so that customers can prove to other lenders that they have no other outstanding debts.
Hear this out loud PauseA payoff quote shows the remaining balance on your mortgage loan, which includes your outstanding principal balance, accrued interest, late charges/fees and any other amounts. You'll need to request your free payoff quote as you think about paying off your mortgage.
Include all relevant information in the payoff letter, including: Include the name of the loan or mortgage holder. Include the loan or mortgage number. Include the payment amount. Include the date you plan to make the payment. Include your name and address. Include your contact information.
Hear this out loud PauseEssentially, a loan payoff letter is a representation by the existing lender regarding the outstanding amounts owed on the loan, including principal, interest, fees and other charges required to pay the loan in full and release any collateral.
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.
Typically, a 10-day payoff letter includes: The 10-day payoff date and payoff quote for your loan. Your loan account number(s) Individual loans and their payoff amounts (if you're refinancing multiple loans) Instructions on how to pay off your current loan servicer.
How to get your 10-day payoff letter. You'll need to request a 10-day payoff letter from your current loan servicer, which you may be able to do online. Not all lenders offer an online request option, however, so you may need to call or email your loan servicer directly to get this information.
