2006-10-17 06:30:14 · 7 answers · asked by cathy k 1 in Business & Finance ➔ Renting & Real Estate
You should receive a monthly statement with all of that detail on it.
2006-10-17 06:38:49 · answer #1 · answered by Kel K 2 · 0⤊ 0⤋
You can order a payoff from your mortgage company by calling them and requesting a payoff statement. Most mortgage companies take a few days to prepare the figures and send them.
You can also look on your statement, which will tell you the balance, which is how much you owe on the mortgage at the time of the statement. Interest accrues every day, though, so even a few days or weeks can make a difference of hundreds or thousdands of dollars when you compare that figure to an actual payoff.
A statement balance also will not include other fees mortgage companies charge, such as pre-payment penalties, escrow advances, late fees (if any), etc. These figures can make a big difference in the actual payoff amount, as well.
There are also various software programs that can show you the balance at any given date, based on the original amount of the loan, how many payments you've made, and interest charges. These should only be used as estimates, though.
ForeclosureFish
http://www.foreclosurefish.com/
2006-10-17 11:02:31 · answer #2 · answered by foreclosurefish 1 · 0⤊ 0⤋
The easy way is to contact the business that holds your mortgage and ask them for a mortgage redemption figure. They will calculate it for you.
2006-10-17 07:48:13 · answer #3 · answered by robinsmithwhite 1 · 0⤊ 0⤋
talk to the bank or the mortgage brokers or comp you got your mortgage through
2006-10-17 06:36:57 · answer #4 · answered by darkangel1111 5 · 0⤊ 0⤋
Call your lender and get a payoff. Nice and easy!
2006-10-17 06:40:54 · answer #5 · answered by KL 5 · 1⤊ 0⤋
call them with your account #
2006-10-17 06:36:10 · answer #6 · answered by 5seriesfan 2 · 0⤊ 0⤋
call your bank
2006-10-17 08:20:24 · answer #7 · answered by Ms.Budonkadonk 4 · 0⤊ 0⤋