A mortgage payoff statement is a paper given to a homeowner that has the remaining balance of the mortgage on it. These papers are also called letters of demand. More »

www.reference.com Business & Finance Credit & Lending

Write a loan payoff statement by creating a letter to the borrower explaining what outstanding debt he needs to pay to clear the full loan amount, as Net Credit suggests. The statement includes the principle amount, pena... More »

www.reference.com Business & Finance Business Resources Accounting

A mortgage payoff statement is a document that a lender issues to a borrower to notify him of the outstanding mortgage terms, notes Investopedia. It includes pending loan balance, interest rate, payments number and prepa... More »

www.reference.com Business & Finance Credit & Lending

A mortgage payoff statement is a document that a lender issues to a borrower to notify him of the outstanding mortgage terms, notes Investopedia. It includes pending loan balance, interest rate, payments number and prepa... More »

www.reference.com Business & Finance Credit & Lending

An accelerated mortgage payoff is a payment procedure that uses the equity line on a home to help the owner pay off the mortgage in a shorter time and potentially save thousands of dollars in interest, reports the LA Tim... More »

www.reference.com Business & Finance Credit & Lending

To pay off a mortgage early, buy a home you can afford, get a shorter mortgage, set a payoff date and start automatic biweekly payments. Finally, reduce your expenses and be sure to reward yourself once the mortgage is p... More »

www.reference.com Business & Finance Credit & Lending

A mortgage payoff letter is a letter from a mortgage lender that explains to the borrower how to pay off the home loan. As the end of a loan agreement approaches, the borrower requests a mortgage payoff letter in order t... More »