What is a release of mortgage letter? How do I get a release of mortgage letter from my lender? Q: I just read the article regarding the lady that has not received her release of mortgage letter from her lender. If it was my lender, she will not get the release of mortgage until she [...]
Many fees are involved in paying off a mortgage. To pay off a mortgage, a homeowner needs to contact his or her lender and request a payoff letter, for which lenders often charge a processing fee. In addition to this processing fee mortgage lenders also charge a fee to fax the payoff letter to you.