Phoenix Arizona Sample Letter Requesting Payoff Balance of Mortgage

• Category: Letters - Nonlegal - Property and Leases
• State: Multi-State
• City: Phoenix
• 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. Subject: Request for Payoff Balance of Mortgage — Phoenix, Arizona Dear [Lender's Name], I hope this letter finds you well. I am writing to request a detailed payoff balance for my mortgage, held on the property located at [property address], in Phoenix, Arizona. As a responsible homeowner, I have diligently made mortgage payments, and I am now planning to settle the remaining balance. I kindly request a written statement of the outstanding principal, including any accrued interest, fees, or other charges that may apply until the requested date mentioned below. Property Address: [property address] Loan Account Number: [loan account number] I would be grateful if you could provide the following information: 1. Outstanding Principal Balance: Please state the accurate amount due on the loan as of [requested date]. This should include the remaining principal balance on the loan without any additional interest or fees that may accrue after the specified date. 2. Accrued Interest: Kindly specify the total interest that has accumulated on the mortgage since the last payment, up until the requested date. 3. Escrow Balance: If applicable, please provide the current balance in my escrow account, reflecting any outstanding property taxes, insurance premiums, or other related costs. 4. Payoff Date: As per my intent to pay off the mortgage, I would appreciate if you could indicate the date by which the full amount mentioned above needs to be remitted to avoid any penalties or additional interest charges. 5. Payment Instructions: Please include clear instructions on how the payment should be made, including acceptable modes of payment, wire transfer details (if any), and any specific requirements for paying off the mortgage balance. 6. Satisfaction of Mortgage Documents: I kindly request that you prepare the necessary documents to evidence the full satisfaction of the mortgage obligation upon the receipt of the final payment. Furthermore, please provide guidance on any additional steps or documents required to conclude this process. I understand that providing this information might take time, but I kindly request that you expedite this request. Your utmost cooperation and prompt response would be greatly appreciated as it will allow me to plan the final payment accordingly. Please do not hesitate to contact me at [your contact number] or [your email address] if you require any additional information or have any questions regarding this request. Thank you for your attention to this matter, and I look forward to receiving the requested information within the shortest possible timeframe. Sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] Types of Phoenix Arizona Sample Letter Requesting Payoff Balance of Mortgage: 1. Standard Request for Payoff Balance: This type of letter is used by homeowners in Phoenix, Arizona, requesting a detailed payoff balance for their mortgage. 2. Escrow Balance and Payoff Request: In cases where homeowners have an escrow account, this letter includes an additional request for the current escrow balance and mentions the intention to pay off the mortgage. 3. Payoff Confirmation and Satisfaction of Mortgage: This letter type requests not only the payoff balance but also the necessary documents and guidance on finalizing the satisfaction of the mortgage after the final payment has been made.

Subject: Request for Payoff Balance of Mortgage — Phoenix, Arizona Dear [Lender's Name], I hope this letter finds you well. I am writing to request a detailed payoff balance for my mortgage, held on the property located at [property address], in Phoenix, Arizona. As a responsible homeowner, I have diligently made mortgage payments, and I am now planning to settle the remaining balance. I kindly request a written statement of the outstanding principal, including any accrued interest, fees, or other charges that may apply until the requested date mentioned below. Property Address: [property address] Loan Account Number: [loan account number] I would be grateful if you could provide the following information: 1. Outstanding Principal Balance: Please state the accurate amount due on the loan as of [requested date]. This should include the remaining principal balance on the loan without any additional interest or fees that may accrue after the specified date. 2. Accrued Interest: Kindly specify the total interest that has accumulated on the mortgage since the last payment, up until the requested date. 3. Escrow Balance: If applicable, please provide the current balance in my escrow account, reflecting any outstanding property taxes, insurance premiums, or other related costs. 4. Payoff Date: As per my intent to pay off the mortgage, I would appreciate if you could indicate the date by which the full amount mentioned above needs to be remitted to avoid any penalties or additional interest charges. 5. Payment Instructions: Please include clear instructions on how the payment should be made, including acceptable modes of payment, wire transfer details (if any), and any specific requirements for paying off the mortgage balance. 6. Satisfaction of Mortgage Documents: I kindly request that you prepare the necessary documents to evidence the full satisfaction of the mortgage obligation upon the receipt of the final payment. Furthermore, please provide guidance on any additional steps or documents required to conclude this process. I understand that providing this information might take time, but I kindly request that you expedite this request. Your utmost cooperation and prompt response would be greatly appreciated as it will allow me to plan the final payment accordingly. Please do not hesitate to contact me at [your contact number] or [your email address] if you require any additional information or have any questions regarding this request. Thank you for your attention to this matter, and I look forward to receiving the requested information within the shortest possible timeframe. Sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] Types of Phoenix Arizona Sample Letter Requesting Payoff Balance of Mortgage: 1. Standard Request for Payoff Balance: This type of letter is used by homeowners in Phoenix, Arizona, requesting a detailed payoff balance for their mortgage. 2. Escrow Balance and Payoff Request: In cases where homeowners have an escrow account, this letter includes an additional request for the current escrow balance and mentions the intention to pay off the mortgage. 3. Payoff Confirmation and Satisfaction of Mortgage: This letter type requests not only the payoff balance but also the necessary documents and guidance on finalizing the satisfaction of the mortgage after the final payment has been made.