Payoff

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Payoff

Updated

January 19, 2023

The final payment on the outstanding balance of your mortgage loan.

Purchase Money Mortgage

Purchase Agreement

Promissory Note

Principal Payment

Principal Balance

Primary Residence

Prepayment Penalty

Prepaid Expenses

Related Topics

Navigating the Process of Mortgage Modification

What Is Non-Recourse Lending?

What Is a Short Sale?

When Is the First Mortgage Payment Due?

What Does Foreclosure Mean?

What Is a HELOC Loan?

Loan Default

Financial Considerations (For First-Time Home Buyers)