What is the amount needed to pay off my loan?
The balance on your statement is NOT the amount needed to payoff your loan. If you are planning on paying off your loan, you need to order a payoff quote a minimum of 5 business days before your anticipated payoff date. Please be aware that our representatives can not give you a verbal payoff quote.
The balance on your statement is NOT the amount needed to pay off your loan. If you are planning on paying off your loan, you need to request a payoff letter to be sent to you. Please be aware that our representatives cannot give you a verbal payoff quote. Back to Top Q: Do you accept personal checks to pay off the loan? A: No, only certified funds will be accepted to pay off a loan. All payoff funds must be in one of the following forms: Cashier’s Check, Bank Certified Check, Title Company Check, Bank Wire or Attorney’s Escrow Check. All other forms of payment will be returned and the payoff will not be processed.
The balance on your statement is NOT the amount needed to payoff your loan. If you are planning on paying off your loan, you need to order a payoff quote a minimum of 5 business days before your anticipated payoff date. Please be aware that our representatives can not give you a verbal payoff quote. Q: What is Interest in Arrears? A: A simplified way to define Interest in Arrears is that the current month’s payment pays the prior month’s interest. Interest in Arrears defines the manner in which most mortgage loans are amortized (paid) to maturity. Example: The October 1st payment will include interest from September 1st to September 30th. Q: Do you accept personal checks towards payoff funds? A: No, only certified funds will be accepted to payoff a loan. All payoff funds must be in one of the following forms: Cashier’s Check, Bank Certified Check, Title Company Check, Bank Wire or Attorney’s Escrow Check. All other forms of payment will be returned and the payoff will not be processed.
