Payoff Request

Upon receiving your payoff request, we will prepare and send you a detailed payoff statement. This statement includes the outstanding principal balance, any accrued interest, late charges, and other fees associated with your loan type. The statement also provides the exact amount of payoff funds needed to close out your loan in the form of certified funds – typically a money order or certified check.

Do ensure that any payoff quote or payoff letter sent to you is also accompanied by your written authorization. The final payoff amount might slightly differ from the balance displayed in your last monthly statement due to interest accrual or additional fees.

We recommend verifying the payoff amount and the delivery method for your payoff funds. Our team is available to provide any additional information or answer any questions you may have. Your contact information will also be essential for us to respond to your payoff request efficiently.

Once you’ve filed your ‘Payoff Request’ form, it likely means that you are approaching the end of your real estate investment project. If there is anything that we can do to help you cross that finish line, don’t hesitate to reach out. We have resources available to you including refinance or extension options, that may make sense at this stage of the process.

If you are already done, we would appreciate it if you took a few minutes to review The Hard Money Co. so we can continue to help borrowers realize their investing dreams.