Payoff Letter Template

• Category: Letters - Nonlegal - Property and Leases
• State: Multi-State
• County: Palm Beach
• Control #: US-0703LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Sample Letter Requesting Payoff Balance of Mortgage [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Loan Service's Name] [Loan Service's Address] [City, State, ZIP] Subject: Request for Payoff Balance of Mortgage Loan Dear [Loan Service's Name], I hope this letter finds you well. I am writing to request a detailed payoff balance of my mortgage loan on the property located at [address of the property] in Palm Beach, Florida. As I am planning to settle my mortgage loan, it is imperative that I have an accurate and up-to-date account of the remaining balance to ensure a smooth and timely transaction. I kindly request that you provide the following information in writing: 1. Payoff Amount: Please specify the exact outstanding balance on my mortgage loan as of [current date]. 2. Daily Interest Rate: Kindly provide the daily interest rate applicable until the proposed payoff date, as per the terms of the loan agreement. 3. Payoff Date: Please confirm the date until which the specified payoff amount will remain valid. If different from my proposed date, kindly inform me of any changes that would affect the payoff balance. 4. Payoff Instructions: Please provide detailed instructions on how to proceed with the payoff process, including any necessary forms or documents required to initiate the payoff transaction. 5. Calculation Method: Kindly explain the methodology used to calculate the payoff balance, ensuring transparency and clarity regarding any additional fees, charges, or penalties that may be included. I would greatly appreciate if you could provide the requested information within [reasonable timeframe, e.g., 10 days] from the date of this letter. As the proposed payoff date is fast approaching, prompt attention to this matter would be highly appreciated. If there are any charges or fees associated with obtaining the payoff balance and supporting documents, please inform me in advance to ensure necessary arrangements can be made. Please feel free to contact me at [your phone number or email address] should you require any additional information or have any questions regarding this payoff request. Thank you for your prompt assistance. I look forward to receiving the requested payoff information and proceeding with the final step of settling my mortgage loan. Yours sincerely, [Your Name]

Sample Letter Requesting Payoff Balance of Mortgage [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Loan Service's Name] [Loan Service's Address] [City, State, ZIP] Subject: Request for Payoff Balance of Mortgage Loan Dear [Loan Service's Name], I hope this letter finds you well. I am writing to request a detailed payoff balance of my mortgage loan on the property located at [address of the property] in Palm Beach, Florida. As I am planning to settle my mortgage loan, it is imperative that I have an accurate and up-to-date account of the remaining balance to ensure a smooth and timely transaction. I kindly request that you provide the following information in writing: 1. Payoff Amount: Please specify the exact outstanding balance on my mortgage loan as of [current date]. 2. Daily Interest Rate: Kindly provide the daily interest rate applicable until the proposed payoff date, as per the terms of the loan agreement. 3. Payoff Date: Please confirm the date until which the specified payoff amount will remain valid. If different from my proposed date, kindly inform me of any changes that would affect the payoff balance. 4. Payoff Instructions: Please provide detailed instructions on how to proceed with the payoff process, including any necessary forms or documents required to initiate the payoff transaction. 5. Calculation Method: Kindly explain the methodology used to calculate the payoff balance, ensuring transparency and clarity regarding any additional fees, charges, or penalties that may be included. I would greatly appreciate if you could provide the requested information within [reasonable timeframe, e.g., 10 days] from the date of this letter. As the proposed payoff date is fast approaching, prompt attention to this matter would be highly appreciated. If there are any charges or fees associated with obtaining the payoff balance and supporting documents, please inform me in advance to ensure necessary arrangements can be made. Please feel free to contact me at [your phone number or email address] should you require any additional information or have any questions regarding this payoff request. Thank you for your prompt assistance. I look forward to receiving the requested payoff information and proceeding with the final step of settling my mortgage loan. Yours sincerely, [Your Name]