There is a process to obtain the statement of the complete payment of the mortgage. First, you must contact the lender and tell them that you want the information. Depending on the lender, you may need to sign in to an account online, call a helpline, or send a formal letter to begin the application process. Or, your lender may ask you to fill out a form.
You may be required to provide personal information, such as your name, signature, contact information, account number, property address, and the date you want payment to be made. Some lenders will also want to know why you want to pay up front.
In general, most settlement letters contain the same information no matter who the lender is. Yours may have the following: due date of the remaining balance, where to send the final payment, who to make the check out to, whether a cashier’s check is necessary, additional fees to the payment, and an adjusted amount in case of that you pay before or after the settlement date.
When you review your letter, be sure to review the charges, specifically any administrative, registration, or shipping charges.
Settlement Letter Template
[Membrete del banco]
Date
Of: [tu prestamista]
123 the address of your lender
Philadelphia, PA 19093
For: [tu nombre]
456 your address
Philadelphia, PA 19093
Dear [tu nombre]:
Per your request, this letter is a full payment statement for loan no. 001-23-45 of $80,000.00. This loan has an annual rate of 3% in 365 days.
Account statement of the remaining balance by September 1, 2021. All obligations of the borrower related to this loan will be satisfied if [su prestamista] receive payments in the following amounts before the end of business hours on October 29, 2021.
Charges already pending payment as of 10/29/21: $150.50
Interest owed: $3,000
Loan Balance: $5,450.15
Pay this amount: $8,600.65
If payment is received after the date indicated above, include an additional $20 for each additional day.
Checks must be made payable to [su prestamista Inc.]. If you would like to use other payment methods, please contact us. We would like to reach a compromise that satisfies both parties.
Please contact us if you have any questions about this process by calling 123-456-7890 or emailing su.lender@email.com.
Carefully,
bank agent, [su prestamista] Manager
