New York Mortgage Payoff Affidavit

• Category: New York Affidavits
• State: New York
• Control #: NY-S035ST
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). A payoff statement will typically show the balance you must pay in order to close your loan. It may also include additional details, such as the amount of interest that will be rebated due to prepayment, the remaining payment schedule, rate of interest, and money saved for paying early. New York Mortgage Payoff Affidavit is a document used to certify that a certain mortgage loan has been paid in full. It is typically used by the borrower when they are refinancing or selling the mortgaged property. The payoff affidavit must be filled out by an authorized representative of the lender and signed by both the borrower and the lender. There are two types of New York Mortgage Payoff Affidavit: 1) a standard payoff affidavit and 2) a single-party payoff affidavit. The standard payoff affidavit is used when the borrower is refinancing or selling a property with a single loan. The single-party payoff affidavit is used when the borrower is refinancing or selling a property with multiple loans. New York Mortgage Payoff Affidavits are used to certify that all outstanding mortgage payments have been made and that the loan is paid in full. The document is an important part of the mortgage transaction and is often required by the lender in order to complete the transaction.

New York Mortgage Payoff Affidavit is a document used to certify that a certain mortgage loan has been paid in full. It is typically used by the borrower when they are refinancing or selling the mortgaged property. The payoff affidavit must be filled out by an authorized representative of the lender and signed by both the borrower and the lender. There are two types of New York Mortgage Payoff Affidavit: 1) a standard payoff affidavit and 2) a single-party payoff affidavit. The standard payoff affidavit is used when the borrower is refinancing or selling a property with a single loan. The single-party payoff affidavit is used when the borrower is refinancing or selling a property with multiple loans. New York Mortgage Payoff Affidavits are used to certify that all outstanding mortgage payments have been made and that the loan is paid in full. The document is an important part of the mortgage transaction and is often required by the lender in order to complete the transaction.