Ask your mortgage servicer. Your servicer is the company you send your mortgage payment to. Its name and phone number are on your monthly statement. Ondo Real Estate does not service mortgage loans. We cannot issue payoff statements, release liens, or grant forbearance, deferrals or loan modifications.
Your servicer sets this and states it on the payoff statement. Interest keeps accruing every day, so ask for the daily interest amount if your closing date might move.
Your loan documents say. Check your note, or ask your servicer to confirm in writing whether a prepayment penalty applies before you pay off the loan.
Many loans allow it. Ask your servicer how to mark an extra payment as principal only, and check your note for any prepayment terms.
Your servicer is responsible for releasing the lien. The release is recorded with the county recorder where the property is. Ask your servicer for the timeline, and keep your final statement and a copy of the recorded release.
Use your servicer's website or the payment instructions on its payoff statement. Ondo Real Estate does not accept mortgage payments.
Refinancing replaces your loan with a new one. Compare offers from more than one lender and read the Loan Estimate for each. Housing counselors can help you weigh it for free.
A HUD-approved housing counselor can help at no cost. Call 1-800-569-4287 or visit hud.gov. The Consumer Financial Protection Bureau (consumerfinance.gov) also takes complaints about mortgage servicers.
