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How are mortgage payoffs calculated?

The settlement agent will obtain a payoff statement from any lender who has a security interest in your home, and we are obligated to accept that figure (you may challenge it if you think it is wrong though). Many times sellers erroneously estimate their payoffs because they do not consider or unde ... view answer >

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# Question Guru Date Answered
121 What happens if it is too cold outside to test the air conditioner at the walk through? Ellen McDaniel 11/16/2009
122 Is it true that there can be penalties for not paying off an FHA mortgage in a certain time frame? How can I avoid that? Tim Blowe, MetLife Mortgage 11/16/2009
123 How do I select a home inspector? Diana Rondinelli 11/16/2009
124 What is a deed-in-lieu of foreclosure? Liz Moore 11/16/2009
125 I have a business in my home. Is that a problem when I'm picking out a house to buy? Verle Melz 11/15/2009
126 Iím a first time homebuyer. Should I ask the seller to pay for a termite & moisture inspection, or should I? Mary Lou Majdeski 11/15/2009
127 Can you explain "shrink swell soil?" Belinda Chandler 11/14/2009
128 How do I avoid paying junk fees associated with obtaining a mortgage? Barbara Randall 11/14/2009
129 What does "time is of the essence" mean? Tim Parker 11/13/2009
130 Who signs a contract if the seller is an estate? Brian D. Lytle, Esq. 11/13/2009
131 How many buyers pay cash for their homes? Liz Moore 11/11/2009
132 Is there an easy way to finance the conversion of a home to handicap accessibility? Liz Moore 11/01/2009
133 What is a 203(k) loan, and can it be used by investors? John Baldwin, Atlantic Bay Mortgage 10/30/2009
134 Where do I begin if I want to purchase a short sale? Teresa Cline 10/30/2009
135 What are the Pitfalls of Buying a Short Sale? Teresa Cline 10/28/2009
136 What is "VA Vendee Financing?" Verle Melz 10/24/2009
137 What does ďsubject toĒ mean? Greg Hatcher 10/23/2009
138 Is an REO/Bank Owned property always a good investment? Greg Hatcher 10/22/2009
139 How will a short sale impact my credit score? Liz Moore 10/22/2009

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