Why is my mortgage payoff quote higher than balance?

This is likely because you've been paying down your mortgage in addition to making your monthly payments. It seems you've made some large additional principal reduction payments (good for you!) which mean you are paying off your mortgage sooner than the bank originally expected.

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Sample Letter for Payoff of Loan held by Mortgage Company

Mortgage Payoff Form With Decimals In Palm Beach

Category:

Letters - Loans and Lending - Mortgages Payoff

State:

Multi-State

County:

Palm Beach

Control #:

US-0019LTR

Format:

Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

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FAQ

Generally, yes. They are public record and subject to public scrutiny for a variety of reasons, starting with the fact that creditors need to know whether the property is subject to judgment or an exposed asset.

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.

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.)

The Notice of Commencement shall be recorded in the office of the Clerk where the real property is located. See Florida Statute 713 for detailed information, including posting requirements. See Fees & Costs for current recording fees.

How can I record a document? You can electronically record documents online (eRecording) or you can bring your original documents to the Main Courthouse, South County Courthouse, North County Courthouse, West County Courthouse, Royal Palm Beach branch or mail your documents.

This is likely because you've been paying down your mortgage in addition to making your monthly payments. It seems you've made some large additional principal reduction payments (good for you!) which mean you are paying off your mortgage sooner than the bank originally expected.

More info

Include your case number, the date of the payoff and your email address in your request. We will email the payoff statement to you upon receiving your request.The documents listed below must be included with this request when submitted: • Copy of all Palm Beach County's Mortgages. Please return form to: PHH Mortgage Corporation. A mortgage payoff letter can come in two forms. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan. Please return form to: PHH Mortgage Corporation. Received mortgage payoff.

Mortgage Payoff Form With Decimals In Palm Beach

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