Settlement vs. Mortgage Statements: Why is the payoff on my settlement statement higher than the balance on my mortgage statement? - TitleSmart, Inc.
title-smart.com
Settlement vs. Mortgage Statements: Why is the payoff on my settlement statement higher than the balance on my mortgage statement? - TitleSmart, Inc.
You’re selling your home or refinancing your mortgage and at closing, you see that the payoff amount is a bit higher than the principal balance. Why don’t the two numbers match up? This is a common question we receive. Here’s the relatively simple answer. The number you see on your mortgage statement is the principal […]
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