Question by emuleiii: why do i need to pay extra amount when i pay off my mortgage ?
why do i need to pay extra amount when i pay off my mortgage ? I wanna pay off a refinance mortgage. i see I have principle amount 142k on line, but when i request a payoff statement, it comes out to be 146k . how come ? i asked what is that for , and i was told it is for some kind of fees … which i have no idea about. any financial expert know is it normal ? ?
Best answer:
Answer by BabyLuv
Ask your mortgage company to break them down exatcly and they will do it for you. Sometimes you get a pre-payment penalty.
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