I want to payoff my loan. How do I know the correct amount needed?
You must write in requesting a payoff statement. Please include the date you expect to payoff the loan. We will calculate interest to that date and send the statement either to yourself or to another party you designate, within 24 hours of our receipt of your request. You can fax your request to 301-622-0058. Please note the reason that we require you to send the request in writing is to protect your privacy. A payoff statement includes information regarding the amount you owe as well as if your loan is current or delinquent. This is considered credit information and is protected under privacy laws. If a title company or your realtor wants to request the payoff for you, you still must sign a release that authorizes us to send it to them.
