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Loan Payoff Process In Houston
State:
Multi-State
City:
Houston
Control #:
US-0019LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
When should I get my mortgage payoff statement? Request your mortgage payoff statement when planning to prepay your mortgage, refinance, or consolidate debt.
Under federal law, the servicer must generally send you a payoff statement within seven business days of your request, subject to a few exceptions. (12 C.F.R. § 1026.36.)
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 statement is provided by the mortgage servicer and can be requested at any time. Accurate payoff information is crucial for managing financial decisions related to property ownership.
Under federal law, the servicer must generally send you a payoff statement within seven business days of your request, subject to a few exceptions. (12 C.F.R. § 1026.36.)
More info
Contact your lender and request a payoff quote. It might take a few days for the lender to process and generate the payoff amount.This guide walks you through the step-by-step loan process, from pre-approval to closing. Let us help you navigate the process with ease. You can also fill out your loan application online or come to our office to complete the paperwork. We will provide a payoff statement and accept payment on the account. Complete our Mortgage service or holder of the lien on a property form to receive a copy. 9 Steps To Home Ownership. In order to improve your chances of getting a loan approval: Fill out your loan application completely. You may use our online forms to expedite the process.