The payoff statement is good for a certain period of time, say 30 days, which will be specified in the statement. If you can’t make that deadline, it’s not the end of the world.

For example, if you have $300,000 ... Get a payoff statement ... Review your mortgage statement. Determine how much you owe, including any fees or penalties for missed payments.

If you need a mortgage payoff quote, you typically need to call the loan servicer for the exact amount. The interest rate is also listed. The interest rate should match the loan documentation from ...

Get ready for the next big legal brouhaha in the home mortgage field, one that could lead to millions of dollars in refunds to consumers. Attorneys representing borrowers in several states are ...

Keep your mortgage documents and related home sale records for at least seven years after selling your home. This includes proof of mortgage payoff, the closing statement and receipts for capital ...

A payoff statement reveals how much you owe on your student loans, including your principal balance, interest charges, and any fees. If you were to pay off the total amount on your payoff ...

The payoff statement is good for a certain period of time, say 30 days, which will be specified in the statement. If you can’t make that deadline, it’s not the end of the world.

A reverse mortgage allows homeowners (62 and older) who have completely paid off or paid most of their mortgage, to take out a portion of their home's equity. This would qualify as tax-free income.

If you own your home, there’s a very good chance that you have a mortgage—close to 80% of all homeowners in the U.S. have a mortgage of some sort.

Recasting your mortgage with a lump-sum payment offers about $11,000 in interest savings and lowers your payment by about $71 per month, but doesn't accelerate your payoff date.