Main

Personal Insurance

Business Insurance

Short Pay-Off

Application Submission

Featured Tools

SHORT PAY-OFF DOCUMENTATION AND AGREEMENT. 

In order to expedite the processing of an application, the following documentation must be assembled, and forwarded to us.

1. A current Comparative Market Analysis (CMA) by a Real Estate Agent. This document gives us an estimated value of the subject property. An appraisal will be needed during the mortgage phase.

2. A formal complete application executed online at our site. This is the standard form used by the industry. CLICK HERE and complete the entire application. NO ACCOUNTS NUMBERS NEEDED, JUST APPROXIMATE BALANCES AND INSTITUTIONS. BREAK DOWN CURRENT MONTHLY PAYMENT (PRINCIPAL, INTEREST, INSURANCE, TAXES & MONTHLY CONDO/TOWNHOUSE ASSESSMENT). MORTGAGE LENDER'S NAME, MONTHLY PAYMENT, LOAN BALANCE(S) REQUIRED.  

3. A signed Third Party Authorization. This document allows us to discuss your mortgage account(s) with your lender(s).

  Authorization and Disclosure forms

4. Hardship Letter: it gives the reasons for your request such as loss or reduction of income, health issues and costs, increased expenses, rate adjustment (ARM). Note that the loss of property value does not in itself justify a short pay off request, but it helps.

5. Signed Short Pay-off Negotiation Agreement  

PAY FOR SCREENING HERE