How Are Mortgage Payoffs Calculated?

How Are Mortgage Payoffs Calculated?

Selling your home or refinancing your current loan brings up a critical question: how much do you actually owe your lender? If you simply look at your most recent mortgage statement, you might be surprised to learn that the balance shown is not enough to clear your debt. The amount required to completely satisfy your …

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Understanding Mortgage Payoff Statements

Understanding Mortgage Payoff Statements

Selling your home or refinancing your current mortgage requires tying up a few financial loose ends. One of the most important documents you need during this transition is a mortgage payoff statement. This document shows exactly how much money it takes to satisfy your current home loan.  Understanding this document helps you prepare for a smooth …

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7 Mistakes Buyers Make Before Closing

7 Mistakes Buyers Make Before Closing

You found the perfect house, your offer was accepted, and closing day is on the calendar. It feels like the hard work is over. However, the period right before closing is crucial. Many homebuyers unknowingly jeopardize their purchase by making easily avoidable errors.  Understanding what not to do is just as important as knowing your next steps. …

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