Thank you for being a valued customer of Success Mortgage Partners, Inc. It has been a pleasure to assist you with your mortgage lending needs and we hope you have had a positive experience with us. We realize that paying off your mortgage loan is a big milestone and we are here to help make the process as simple as possible.
What is a payoff quote?
A payoff quote is a notification from a mortgage company that allows the borrower to determine how much money is required to pay their loan in full. The quote will include your outstanding principal balance, accrued interest, late charges/fees and any other amounts. Please keep in mind that your payoff quote will include a fee for the recording of the discharge of mortgage as required by your local municipality. Since interest accrues daily, your payoff amount will be different than the principal balance shown on your monthly statement.
Requesting your payoff quote
Simply complete the form below to request your payoff quote. Be sure to include your good through date (a date within the next 30 days) for the payoff quote and a fax number or email address that we can use to respond to the request.
What is a “good through” date?
The good-through date on your payoff quote is the date your payoff funds must be received by to pay your loan in full. If you don’t pay off your mortgage by that date, you’ll need to request an updated quote.
Should I keep making my payments?
YES!!! Payoff quotes assume that you will make all required future payments. You should keep sending payments until your payoff funds are posted. Failure to make any required payments will affect the accuracy of your payoff quote.
Understand FHA insured mortgage loans
If your mortgage is an FHA loan that originated between August 2, 1985, and January 21, 2015, we’ll accept your payoff funds anytime. However, FHA requires that you pay your interest by the first business day of the month after requesting a payoff quote. If your payoff isn't received by the first business day of the month, FHA will require you to pay an additional month's interest. It is to your advantage to ensure we receive payoff funds as close to the end of the month as possible, but no later than the first business day of the month.