Hawaii Sample Letter Requesting Payoff Balance of Mortgage

State:
Multi-State
Control #:
US-0703LR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.
[Your Name] [Your Address] [City, State, Zip] [Email Address] [Phone Number] [Date] [Name of Mortgage Lender] [Address of Mortgage Lender] [City, State, Zip] Subject: Request for Payoff Balance of Mortgage Account Dear [Mortgage Lender's Name], I hope this letter finds you well. I am writing to kindly request the payoff balance for my mortgage account, which is secured by my property located in Hawaii. As a conscientious borrower, I am now in a financial position to pay off my mortgage in full and would like to obtain the accurate payoff balance to complete this transaction. This will allow me to fully own the property and eliminate any further financial obligations associated with the mortgage. Please find the details of my mortgage account below: — Mortgage Lender: [Name of Mortgage Lender] — Borrower's Name: [Your Full Name— - Property Address: [Complete Property Address in Hawaii] — Loan Number: [Your Mortgage Loan Number] Considering the unique nature of properties in Hawaii and the specific requirements associated with real estate transactions in this region, I kindly request a breakdown of the payoff balance. The details should be provided in an itemized format, including but not limited to the following: 1. Principal Balance: The outstanding balance on the original loan amount. 2. Interest Amount: Accrued interest up to the date of the payoff request. 3. Escrow Balance: If applicable, the remaining funds held in the escrow account. 4. Any Outstanding Fees: Late payment fees, prepayment penalties, or other charges incurred during the mortgage term. I also request that the payoff quote include an expiration date within 30 days to provide sufficient time for the completion of the payoff procedure. In order to ensure a seamless and swift transfer of funds, please provide the payoff balance along with any necessary wire transfer instructions or details about any other preferred method of payment. I kindly request confirmation of receipt of this letter, as well as prompt attention to my request. Thank you in advance for your assistance in providing me with the requested information. I greatly appreciate a timely response as I am eager to finalize the payoff and obtain the necessary documentation to demonstrate ownership of the property. Should you require any additional information or have any questions, please do not hesitate to contact me at the phone number or email address provided above. Thank you again for your attention to this matter. Sincerely, [Your Full Name]

[Your Name] [Your Address] [City, State, Zip] [Email Address] [Phone Number] [Date] [Name of Mortgage Lender] [Address of Mortgage Lender] [City, State, Zip] Subject: Request for Payoff Balance of Mortgage Account Dear [Mortgage Lender's Name], I hope this letter finds you well. I am writing to kindly request the payoff balance for my mortgage account, which is secured by my property located in Hawaii. As a conscientious borrower, I am now in a financial position to pay off my mortgage in full and would like to obtain the accurate payoff balance to complete this transaction. This will allow me to fully own the property and eliminate any further financial obligations associated with the mortgage. Please find the details of my mortgage account below: — Mortgage Lender: [Name of Mortgage Lender] — Borrower's Name: [Your Full Name— - Property Address: [Complete Property Address in Hawaii] — Loan Number: [Your Mortgage Loan Number] Considering the unique nature of properties in Hawaii and the specific requirements associated with real estate transactions in this region, I kindly request a breakdown of the payoff balance. The details should be provided in an itemized format, including but not limited to the following: 1. Principal Balance: The outstanding balance on the original loan amount. 2. Interest Amount: Accrued interest up to the date of the payoff request. 3. Escrow Balance: If applicable, the remaining funds held in the escrow account. 4. Any Outstanding Fees: Late payment fees, prepayment penalties, or other charges incurred during the mortgage term. I also request that the payoff quote include an expiration date within 30 days to provide sufficient time for the completion of the payoff procedure. In order to ensure a seamless and swift transfer of funds, please provide the payoff balance along with any necessary wire transfer instructions or details about any other preferred method of payment. I kindly request confirmation of receipt of this letter, as well as prompt attention to my request. Thank you in advance for your assistance in providing me with the requested information. I greatly appreciate a timely response as I am eager to finalize the payoff and obtain the necessary documentation to demonstrate ownership of the property. Should you require any additional information or have any questions, please do not hesitate to contact me at the phone number or email address provided above. Thank you again for your attention to this matter. Sincerely, [Your Full Name]

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Lenders 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.

Lenders 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.

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.

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.

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.

Under federal law, the servicer must generally send you a payoff statement within seven business days of your request, subject to a few exceptions.

Essentially, 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.

A 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.

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This form is a sample letter in Word format covering the subject matter of the title of the form. Request Payoff Amount Related forms. Nov 26, 2021 — How you will need to go about requesting a payoff quote can vary by lender. You may need to fill out a form, sign into an online system, or call ...Nov 28, 2021 — Asking for a payoff statement is sometimes called a payoff request. Making this request doesn't mean that you have to pay the loan back early. Payoff Letter Template​​ Dear [Your Name], Per your request, this letter is a payoff statement on Loan # 001-23-45 of $80,000.00. It has an annual rate of 3% ... A copy of the HHF/BEP Loan Payoff Calculation Worksheet (HHF/BEP Form 0902) is attached with this request. ☐ This request is being made after completion of the ... 1) Call the mortgage department and request an official principal payoff letter. ... You can do so by requesting a “Reconveyance Letter” from the mortgage holder. Requesting a payoff statement from the lender; Reviewing the outstanding balance and any remaining or related fees; Confirming any interest payments due through ... Jan 22, 2019 — In such cases, the lender prepares a payoff letter stating the amounts due on the loan, provides the letter to a title company or other closing ... May 18, 2023 — A student loan payoff letter, also called a payoff statement or loan verification letter, outlines your loan's essential details, ... Jul 13, 2022 — Payoff request · Step 1. Gather information · Step 2. Submit a payoff request · Step 3. Receive a payoff letter · Step 4. Mail the payment.

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Hawaii Sample Letter Requesting Payoff Balance of Mortgage